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Non-Tech : Eagle Hardware (EAGL) The Next Home Depo
EAGL 1.550-1.3%Jan 21 4:00 PM EST

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To: Jack McKibben who wrote (30)2/25/1997 11:30:00 AM
From: Sunny Jim   of 389
 
John,

That does sound like a good sign. I have never seen a company announce bad earnings a week early. I think EAGL can beat the estimate for this quarter because it is so low. Last quarter they did $.29 and the estimate is $.10 this quarter. This is their slowest quarter but all year long they have posted 24-25% sales gains from the year ago quarter. The Ernst closing might depress that somewhat this quarter, but they still should see a 15-20% growth. Also they opened 2 stores this quarter which costs $700k apiece but thats only 5 cents a share total. I still expect them to make $.15 for the quarter even taking all this into account. Another couple of days and we will see.

Long EAGL, Jim
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