Hi Diana, I was encouraged after my conversation with co the other day, but I still have reservations. Stock is not acting like it will surprise the st. The First Call mean est is for 4Q -.88 and YR96 -2.77 and FYR97 -3.43. The following was released 11/14/96:
NEW YORK (Dow Jones)--Chicago Corp. initiated coverage of three telecommunications services and equipment providers at hold.
The companies are GST Telecommunications Inc. (GST), of Vancouver, British Columbia; McLeod Inc. (MCLD), of Cedar Rapids, Iowa; and Intermedia Communication Inc. (ICIX), of Tampa, Fla.
In research reports, Chicago Corp. estimates GST will lose 85 cents a share in the fiscal fourth quarter ended in September. The firm expects Intermedia to lose $1.24 in the fourth quarter, and it expects McLeod to post a fourth-quarter loss of 13 cents.
"Dow Jones News Service"
"Copyright(c) 1996, Dow Jones & Company, Inc."
So now we have Chicago Corp. stating that 4Q will be -.85 which is only .03 better than FC, hardly a surprise.
I'm really on the fence now, what do you think about the "HOLD" rec.
Also, what is L8R?
Jeff |
