david berman
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R E V : O C T O B E R 2 5 , 2 0 0 6
A N A N T H R A M A N
V I S H A L G A U R
S A R A V A N A N K E S A V A N
David Berman
“Inventory - Oh, so sweet – It’s what it’s all about!” David Berman, founder and general partner, Durban Capital L.P., explaining his investment strategy in retail stocks
April 11th, 2005
David Berman reviewed the macroeconomic numbers on inventory turns as he prepared for his regular appearance on CNBC’s “Squawk Box” as a morning co-host. A leading expert on “consumer related” stocks, Berman and his colleagues including portfolio manager Steve Kernkraut, a seasoned retail executive and analyst, were frequent contributors to various TV shows. On April 4th 2005, Fortune magazine ran a story on Berman called “King of the Retail Jungle”, and on December 13th, 2004, Barron’s ran a story called “Smart Shopper” where Berman’s four stock picks as identified, appreciated 30% on average over the next quarter. “Off air” he was a fund manager as well as founder and president of Berman Capital (which managed proprietary funds) and founder of and general partner in New York-based Durban Capital, L.P. (which managed outside and proprietary capital). Glancing at his notes on macro trends in retail inventory turns, Berman wondered if he should talk about his impressions on the show.
Berman held a bachelors degree in finance and masters equivalency in accountancy from the University of Cape Town in South Africa. He had also passed the South African chartered accountant and the United States CPA examinations. Berman obtained his CPA qualification in California while an auditor for Arthur Andersen and Company where he examined the financial statements and operations of a number of retail clients. He had been the auditor of Bijan, the notable men’s upscale clothing store on Rodeo Drive and 5th Avenue. Prior to starting his own funds Berman worked as a portfolio manager and analyst primarily at
R E V : O C T O B E R 2 5 , 2 0 0 6
A N A N T H R A M A N
V I S H A L G A U R
S A R A V A N A N K E S A V A N
David Berman
“Inventory - Oh, so sweet – It’s what it’s all about!” David Berman, founder and general partner, Durban Capital L.P., explaining his investment strategy in retail stocks
April 11th, 2005
David Berman reviewed the macroeconomic numbers on inventory turns as he prepared for his regular appearance on CNBC’s “Squawk Box” as a morning co-host. A leading expert on “consumer related” stocks, Berman and his colleagues including portfolio manager Steve Kernkraut, a seasoned retail executive and analyst, were frequent contributors to various TV shows. On April 4th 2005, Fortune magazine ran a story on Berman called “King of the Retail Jungle”, and on December 13th, 2004, Barron’s ran a story called “Smart Shopper” where Berman’s four stock picks as identified, appreciated 30% on average over the next quarter. “Off air” he was a fund manager as well as founder and president of Berman Capital (which managed proprietary funds) and founder of and general partner in New York-based Durban Capital, L.P. (which managed outside and proprietary capital). Glancing at his notes on macro trends in retail inventory turns, Berman wondered if he should talk about his impressions on the show.
Berman held a bachelors degree in finance and masters equivalency in accountancy from the University of Cape Town in South Africa. He had also passed the South African chartered accountant and the United States CPA examinations. Berman obtained his CPA qualification in California while an auditor for Arthur Andersen and Company where he examined the financial statements and operations of a number of retail clients. He had been the auditor of Bijan, the notable men’s upscale clothing store on Rodeo Drive and 5th Avenue. Prior to starting his own funds Berman worked as a portfolio manager and analyst primarily at