Alan Greditor, 39; Leading Wall Street Analyst
Alan Greditor, 39, one of Wall Street’s leading stock analysts who recently took over as managing director in charge of equity trading at Drexel Burnham Lambert Inc., was killed Thursday in an automobile accident.
Police in Tenafly, N.J., said Greditor was alone in his Mercedes-Benz shortly after 5 a.m. when it crossed into the opposing lane of traffic at a curve and hit some large trees and a picket fence. The accident happened less than a quarter of a mile from his home, police said.
For the last three years, Greditor had been rated by Institutional Investor magazine as the top-ranked analyst of food industry stocks. He was noted for accurately predicting mergers and stock buy-backs, including the acquisition of General Foods, which was eventually taken over by Philip Morris.
He was chairman of Drexel’s stock selection committee before he took over supervision of Drexel’s trading in U.S. stocks.
A Drexel spokesman said Greditor is survived by his wife and two children.
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