Paul Ginocchio
Deutsche Bank Securities
San Francisco–based Paul Ginocchio of Deutsche Bank Securities climbs one level to second place. “Paul’s industry knowledge goes well beyond the companies he has under coverage,” asserts one fan. Ginocchio, who follows 22 stocks, downgraded ITT Educational Services from hold to sell in February, at $68.29, on the belief that continued high unemployment and ITT’s relatively expensive tuition would adversely affect demand and earnings. By late August shares of the Carmel, Indiana–based technology-oriented degree provider had plunged 53.1 percent, to $32.01; during the same period the sector was flat. Ginocchio is more upbeat about the prospects of Calabasas, California–based staffing supplier On Assignment, largely because it serves the high-demand health care and information technology sectors. “Paul makes an extra effort others do not,” attests another investor.