Barry B. Bannister, CFA - Managing Director, Equity Research, Legg Mason Wood Walker Inc. following Capital Goods Industrial stocks and providing investment strategy from 1998 to present. On April 19, 2002 Mr. Bannister and his associate Paul Forward wrote an 86-page strategy report entitled "The Inflation Cycle of 2002 to 2015: Do Commodity Serving Companies Deserve Your Capital?" that stated on the cover "By 2015, we expect $60/barrel oil [then under $25]...and a 5.8% S&P 500 annualized total return [S&P 500 then about $1,120 and now $1,233] over the period." He has provided further updates of the thesis since that time.

From 1992 to 1998, he was a senior analyst providing North American Machinery industry coverage and later co-head of U.S. equity research in the New York office of the British investment bank SG Warburg & Company (now UBS). Prior to that role, he served as a buy-side equity analyst for AmSouth Investment Management (1987-1990) and as a senior equity analyst for the buy-side firm FTIM/Highland Capital Management (1990-1992). In the buy-side roles he provided research at various times in the consumer goods, semiconductor, bank, auto and telecom-equipment industries.