People
Unparalleled professionalism...
Debra Fiakas, CFA
Managing Member

Ms. Fiakas is a seasoned, credentialed investment professional with a diversified and
successful track record as a research analyst and as an investment banker. Her career includes
experience in all aspects of the equity capital markets with particular emphasis on emerging growth companies
operating in the technology sectors.
Ms. Fiakas graduated Cum Laude from the University of South Dakota with a BA degree in
Economics and Political Science and received an MBA degree from the Thunderbird School of Global Management.
She earned the designation of Chartered Financial Analyst and is a member the Chartered Financial Analysts
Institute (CFAI). She is involved in promoting the integrity and vitality of her profession through
participation in the CFA grading process.
Ms. Fiakas is Managing Member of Crystal Equity Research.
David J. Phillips
Contributing Analyst
Mr. Phillips is an independent equity analyst and consultant to both buy-side and
sell-side clients, specializing in the biotechnology and pharmaceutical sectors. His d eep knowledge of financial analysis has given him solid experience in a
variety of sectors. Phillips is the publisher of the 10Q Detective Blog, which focuses on
financial statement “softspots,” and the e-Growth Profit Letter, which is dedicated to uncovering
companies with innovative technologies. He has also been widely quoted in such respected on-line and
print newsletters as The Street.com, Advisors Digest, Dick Davis Digest and the
Bull & Bear Financial Report. Phillips is a Phi Beta Kappa graduate of the University of
Vermont and has an MBA from Boston College.
Christopher M. Wright
Contributing Analyst

Washington, D.C.-based Christopher M. Wright turns today's dramatic stories into
investment returns for his clients and readers - mega trends, turnarounds, international crises. He finds and
assesses investment ideas in such domains as emerging technology, developing country markets, and public
companies unfairly beaten up and left for dead. As a regular contributor to CFA
Magazine published by the Chartered Financial Analysts Institute and Portfolio published
by the National Association of Real Estate Investment Trusts (NAREIT), he interviews CEOs, authors, and
analysts from major Wall Street firms. Interviews also appear in Wright's investment newsletter, The Sine
Wave Investor™. In 2000, he successfully completed the academic portion of the CFA program. Wright worked
as an attorney for twenty years before turning to consulting on business and investment topics for national
and international clients in 2001.
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