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About Eli S. Lustgarten

Eli S. Lustgarten is Senior V.P. at Longbow Securities and Senior Research Analyst for the Industrial Manufacturing and Technology sector, providing independent research of Industrial markets for the investment community. Mr. Lustgarten is also President of ESL Consultants Inc, a consulting firm dedicated to assisting trade associations and their members, as well as individual companies, understand the outlook for their end markets both domestically and worldwide.

Previously, Mr. Lustgarten was Senior Analyst and Director of Research at the research boutique start-ups of JB Hanauer and HC Wainwright. Mr. Lustgarten joined H.C. Wainwright upon the sale of Schroder & Co. in April, 2000.

From 1995-2000, Mr. Lustgarten was a Managing Director of Schroder & Co. Inc. and head of the Industrial Manufacturing Group, a five-member team that provided broad analytical coverage of industrial companies.  He was also responsible for the largest Industrial Manufacturing Conference held by a Wall Street Firm during the 1990’s. Before joining Schroders, Mr. Lustgarten was a Managing Director at Paine Webber for over 20 years responsible for analysis of the industrial manufacturing sector.

Mr. Lustgarten received a B.S.E.E. in 1966 from the Polytechnic Institute of Brooklyn (New York) and a M.S.E.E. from the University of Pennsylvania in 1968 under a Ford Foundation Grant.  He joined Raytheon Corporation — Missile Systems Division as a design engineer and later became program manager for a portion of the PATRIOT (SAM-D) Defense System.  In 1971, Mr. Lustgarten entered Harvard Business School, receiving his M.B.A. with High Honors in 1972.  He was named George F. Baker Scholar because of his academic performance.

Mr. Lustgarten has been widely recognized by his peers, having been elected to the Institutional Investor All-America Research Team for over 20 years before his coverage shifted.  He has also been recognized six times by the Wall Street Journal All-Star Analyst poll. 

In addition, Mr. Lustgarten has been a frequently invited guest speaker to forecasting conferences sponsored by various industry trade associations including the National Fluid Power Association (NFPA), Metal (Steel) Service Center Institute (MSCI), Association for (Construction) Equipment Distributors (AED), National Truck Equipment Association (NTEA), and the Association for Manufacturing and Technology (AMT). He has also appeared as an expert witness on the machine tool industry before the House Subcommittee on Economic Stabilization (The Committee on House Banking and Urban Affairs) and the Senate Foreign Relations Committee. Most recently, he has become a columnist for the trade publications published by the MSCI, AED and the American Gear Manufacturing Association (AGMA).

Mr. Lustgarten is a member of the New York Society of Security Analysts (NYSSA), past President of the Machinery Analyst Group of New York, and a charter member of Robotics International of the Society of Manufacturing Engineers.  He was also chairman of the NYSSA Subcommittee on Machinery and the Machinery Subcommittee on corporate reporting for the Association for Investment Management and Research (AIMR).