Tulane University's Burkenroad Reports Optimistic About New Orleans Companies

October 18, 2005

Mike Strecker
Phone: 504-865-5210

While many companies across the Gulf South suffered a major financial blow as a result of hurricanes Katrina and Rita, others stand to prosper in the long run, says Peter Ricchiuti, assistant dean of the A.B. Freeman School of Business at Tulane University and research director of Burkenroad Reports, the school's acclaimed student-run stock analysis program.

"Burkenroad Reports is loaded with companies that will take a short-term hit but be long-term beneficiaries," says Ricchiuti, who cites Team Inc., a repair and maintenance company servicing chemical plants and refineries, and Superior Energy Services Inc., which plugs abandoned offshore production platforms, as two companies that will benefit for years to come.

Marine Products, makers of Chaparral and Robalo fishing and leisure boats, is another likely beneficiary. Barron's and MSNBC each recently cited Hancock Bank's Horizon Burkenroad Fund, which uses Burkenroad Reports as a primary source of research and invests in many of the companies covered by the reports as one of the smartest post-Katrina plays for savvy investors.

Ricchiuti says that Burkenroad Reports will continue this year when Tulane resumes classes on January 17. Instead of splitting the companies over two semesters, he plans to have students cover all 50 companies this spring and to hold the annual Burkenroad Conference as scheduled on April 28.

Tulane University, New Orleans, LA 70118 504-865-5000