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Non-Tech : Morrow Snowboards (MRRW)
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To: Jim Boomgard who wrote (13)4/3/1997 12:01:00 PM
From: Keith A Shribbs   of 56
 
Hi Jim Talked to a PR rep from Morrow at a conference put on by AG Edwards , was very upbeat about companies future they're fairly confident with a 20% increase in EPS for 97. They have reorganized their production so that they will be able to do the same production in one shift versus two, this seems great from a cost savings point and also as production grows they won't have to invest in more prodution equip and space as soon . Probably won't be any big sales from their clothing agreement with Marmot this year but could be 15% of sales by 98. The industry looks strong for the next couple of years and Morrow should be a player in the higher end boards, they don't want to go after the low end market (Wal mart etc.) so a laot of the problems affecting Ride should not be seen by them.
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