Jason Ader
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As the former celebrity analyst for Bear Stearns, Jason Ader was never the typical “stay in the office” number crunching drone when he was at work. Instead he was in the frontlines, working on site, hitting the Las Vegas strip to find out what it was exactly that made people spend at the casinos and hotels he was assigned to cover.
Known to regularly visit Vegas, Jason Ader conducts his extensive research thoroughly to sufficiently report the true facts as experienced by the consumers before investing in the casinos. In addition, through the various intimate conversations that Ader shares with people, Ader is able to provide information on what exactly is beneficial for the public and his company.
Jason Ader has been highly regarded by many to be the top gaming and lodging authority on Wall Street. He has been ranked in Institutional Investor's All-America Research Team for the past eight years. In addition, Ader has also been recognized as the top-ranked gaming and lodging analyst for three consecutive years.
Jason Ader has also been recognized in five yearly Wall Street Journal All-Star Analysts Surveys and was voted the number one US Gaming and Lodging analyst in the prestigious Greenwich poll of buy-side analysts in 2000 and the number one man in industry conferences, field trips, theme parks, and stock-picking in 2001.
In addition, at the age of 30, Ader made one of Crain’s Forty Under Forty list, recognizing him for his astonishing analytical skills. As a high-profiled celebrity in the investment world, it was no surprise that Jason Ader would establish his own hedge fund, [Hayground Cove Asset Management (http://www.hedgeworks.com/hayground/home.html)]. For his hedge fund, he currently serves as the Chief Executive Officer. Also, not only is he the CEO of Hayground Cove, Ader also serves as the Chief Executive Officer and the Chairman of the Board of Directors of India Hospitality Corporation, which Hayground Cove owns a majority share as well.
Jason Ader has always made his presence known in the gaming industry. In 1999, as a senior managing director, Ader lectured at an investment conference that was hosted by the legendary broadcaster, Louis Rukeyser at the MGM Grand in Las Vegas. An estimated 10,000 people attended the event and listened to Ader’s words.
In his speech, Ader stated that he believed that US gaming stocks showed more promise for investors at the time than at any point in the last previous years. Many took to account Ader’s words, as he has proven his expertise after he upgraded shares of Circus Circus Inc. from Neutral to Attractive, and raised target asset values for MGM Grand and Mirage Resorts in the previous month.
To this day, Ader continues to be a success with his involvement in the casino industry. In October 2, 2006, according to a Schedule 13D filed with the Securities and Exchange Commission, after the casino analyst guru reported a 5.53% stake in the company, shares of Isle of Capri Casinos Inc. (ISLE) went up from 0.9% to $21.53 after.
In the 13D filing on Isle of Capri Casinos Inc., it was revealed that Jason Ader of Hayground Cove Asset Management beneficially holds nearly 1.9 million shares of the company. With this profitable move, Ader has proved once again why Institutional Investor has recognized him as a top analyst to look out for.