Research Staff

Michelle Applebaum, Managing Director

Ms. Applebaum spent over 20 years at Salomon Brothers, in New York and Chicago.  
During her years on Wall Street, Ms. Applebaum was the top-rated steel industry analyst
according to the prestigious Institutional Investor All-Star poll for a dozen years.  During
that time she served as an advisor to the country’s largest money managers and
worked as part of the investment banking team advising corporations on over 2-dozen
initial and secondary public offerings, mergers and acquisitions.

Ms. Applebaum is regularly quoted in publications such as The Wall Street Journal and
The New York Times.  She makes frequent appearances on business programs of
CNN and CNBC, and was a featured guest on Wall Street Week with Louis Rukeyser.  
Ms. Applebaum has a BS in Economics from Northwestern University and a MBA in
Accounting and Finance from the Kellogg School of Business. She currently lives in
Chicago with her husband, 3 children and 2 dogs.  


Bridget Freas, CFA, Associate

Ms. Freas joined Steel Market Intelligence as an Associate in October 2009.  Prior to
joining the firm, she spent two years as an Investment Banking Associate with Robert
W. Baird & Co., executing M&A transactions and equity offerings for clients in a variety of
service industries.  She also spent four years in compliance auditing with the National
Futures Association.  Ms. Freas received her B.S. in Finance and Economics from
Marquette University in 2001 and an M.B.A. from the University of Chicago in 2007.  She
is also a Chartered Financial Analyst.


Megan Hurst, Administrative Assistant/Research Assistant

Ms. Hurst is an administrative assistant and part-time research assistant.  She has
been with the firm since mid-September 2009.  Before joining the team at Steel Market
Intelligence, Ms. Hurst was an undergraduate student at Trinity International University in
Deerfield, IL.  She graduated in May 2009 with a B.A. in Business Management and
Marketing.
Michelle Applebaum Research