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Non-Tech : Speizman Industries (SPZN)

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To: Steve Smith who wrote (9)11/5/1997 11:27:00 AM
From: Christopher Brainard   of 21
 
Hi Steve, Expecting good earnings, NO. Hoping for good earnings, YES. Backlog going into the quarter was down from last year. Announced a really big order during the quarter, and that was very good. The Wink Davis acqisition will most likely not help much in this quarter, might even hurt a little bit.

Bottom line, some factors pointing to good 1st quarter earnings, some pointing to not great earnings. Last years 1st quarter was not all that strong, so beating it sould not be too hard. Whether we get a $0.25 or better quarter this year remains to be seen. Added more to my position at $7, so my bet is for good earnings!

Chris ....
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