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Lewes, Delaware
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September 17, 1999     Cape Gazette
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September 17, 1999
 

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elr ,gR agdmgo8 - I agdrriooa ,gbia'q ,TT.'qD qAD - 8 CAPE GAgE2E, Friday, September 17 - September 23, 1909 : 49 \\;- I BusINESS & REAL ESTA'rE Birdwatcher's guide boosts local economy December bird counts. "It's amazing that this many people from so many different or- ganizations sat down and put aside personal agendas, regional loyalties and came up with such a comprehensive, well-presented guide," said Cindy Small, execu- tive director of the Sussex County Convention and Tourism Com- mission (SCCTC). "We feel tike the information is good, and it is just a beautiful book!" Arid for tourism commissions, visitors' bureaus, wildlife centers and chambers of commerce, the book means more than a guide to where the music of songbirds can be heard. Economic impact stud- ies show that birders keep cash registers ringing as they bring millions of dollars into areas where they seek their fine feath- ered friends. "A study done by the U.S. Fish and Wildlife Service in 1994 found that bird watching added $21 million to Delaware's econo- Management By Rosanne Pack With a name wider than a rap- tor's wingspan, the Delmarva Ad- visory Council's Atlantic Flyway Byway Consortium, all 34 mem- bers strong, recently saw theiF first major project fledge and fly from the nest with the publication of "Birdwatcher's Guide to Del- marva." When 34 people sit down to de- sign anything, the process could result in something that resembles a winged elephant. However, in the case of the birdwatcher's guide, representatives of three states, national wildlife agencies, zoological organizations and uni- versities met over the course of a year and developed a finished product that delights all parties. Coalition members said that the guide describes the locations and denizens of the best birdwatching on the Delmarva Peninsula. It also contains a list of major birding events starting with spring thaws in April and running right up to I Metz Capital Rosanne Pack photo Metz Capital Management welcomes home a new member of the firm and lifelong member of the family. Thomas Metz, left, founded the firm in 1994 and his son, Andrew, recently joined the firm after earning his registered investment advi- sor designation. my that year," Small said. "Bird- ers visit, they stay overnight, they eat and shop. And when the expe- rience is wonderful, they serve as ambassadors for the First State by telling friends and family mem- bers about their visit to Delaware. "For Southern Delaware, bird- ing fits nicel into our ecotourism promotional plans to capture addi- tional visitation during the spring and fall months." Small was joined by Lisa Chal- lenger and Jim Rapp in touting the overwhelming success of two new events, the Deimarva Birding Fes- tival in April and the Delaware Birding Festival in May. Chal- lenger, tourism director for Worcester County, and Rapp, di- rector of the Salisbury Zoological Park, are active in the Delmarva birding event that incorporates birding areas from coastal beach- es of Assateague Island, banks of the Pocomoke River and the shores of the Chesapeake Bay. The second Delaware birding fes- I I I I i Rosanne Pack photos Some of the first Delmarva residents to welcome the new "Birdwatcher's Guide to Delmarva" are a small screech owl, left, and a young barn owl; accompanying the birds from the Salisbury Zoological Park are staff members Jayme DiGen- nero, left, and Carrie Semis. tival is set for the Bombay Hook and Prime Hook wildlife refuges near Smyrna, and it includes ca- noeing, nature walks and talks, crafts and games. The 54-page, full-color guide is divided into sections of geograpla- ic similarity with examples of birds that will be seen in each area during different seasons. Al- though "Birdwatcher's Guide to Continued on page 52 investment advisory firm: a :500mily affair By Rosanne Pack Even in a business of dollars and cents, sometimes family and friends are the most important fig- ures on the bottom line. It is just that philosophy that brings Andrew Metz to join his parents in Metz Capital Manage- ment LLC (MCM) that is head- quartere.d in Lewes. Having re- cently, passed the Advisors' Exam (Series 65), Andrew joins the firm as a registered investment advisor. Thomas and Marianne Metz founded the investment advisory business.in 1994; Thomas serving as president/CEO, and'his wife handling a variety of administra- tive duties. Since then, the firm has grown to serve more than 200 clients, and with his son coming on board, Metz expects the growth to contimle. With more than 25 years in the securities business, father is well seasoned in managing his clients' investment portfolios. Having co- founded a preferred provider or- ganization that grew to the largest diagnostic radiology PPO in the country, son is set to follow in his father's footsteps in the financial world. "Andrew and his sister and brother-in-law founded One Call Medical, Inc., in 1993," Metz said. "It has been an amazing suc- cess story, and an important step in his ideas of pursuing a career ifi finance. With the increase in the MCM workload, it seemed like a natural mix for him to join me and his mother." Metz said that he feels that the relationship between investment manager and client should be one of partnership. As a fee-only man- ager who doesn't work on a com- mission basis, he points out that the partnership attitude is one that best serves both parties. He said that he likes for his clients to feel comfortable and secure, and as if they are working side-by-side with their investment manager. His office occupies a stud, in the Lewes home that he and his wife moved to in the early '90s. In winter months, a fire in the fire- place even greets clients. "This is one of the reasons that I wanted to get involved in MCM," Andrew Metz said. "When people come here, they are not just clients, but they are treated like friends and family. There is so much family involvement; that's why I'm here." Continued on page 50 What def'mes small-, mid- and large-cap ,,;tocks? When considering individual stocks for your portfolio, a com- pany's size is one of the key ways of categorizing potential invest- ments. Generally, companies issuing common stock fall-into one of three size groups: large-cap, mid- cap or small-cap, based on the to- tal stock market value of the com- pany that underlies the stock. This is commonly referred to as a market capitalization, Large-cap stocks usually refer to companies with total market capitalization of more than $3 bil- lion. Large-cap companies tend to be well-established, well-known household names and are likely to be stocks listed on the Dow Jones Industrial Average and the S & P 500 stock indices. Mid-cap stocks typically have been issued by companies with market capitalizations between $1 billion and $3 billion. Mid-cap, companies tend to be those that are beginning to mature but are still in the growing stages. The small-cap designation is usually assigned to companies with market capitalizations of less than $1 billion. Small-cap stocks usually repre- sent new businesses and young companies that are often still in their start-up phases. Investments in the common stock of small and mid-sized com- panies may provide the potential for greater growth opportunities but generally involve greater risks than those typically associated with the common stock of larger companies, because smaller com- panies may have limited product lines, markets or financial re- sources, among other things. Of course, these categories may overlap and the designations should be used only as general guidelines on the size and status oi  companies that have issued stock. Your financial advisor can help you determine which combination of stock is suitable for you, based On your particular circumstances, individual fi0ancial situation and investment goals. Bruce Chilcoat is a financial adviser and certified financial planner at Morgan Stanley Dean Witter. For more information, call 226-5100. FINANCIAL FOCUS BRUCE CHILCOAT