BARNES- B : AN AEROSPACE GIANT THAT HAS A LOT OF POTENTIAL Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : BARNES- B : AN AEROSPACE GIANT THAT HAS A LOT OF POTENTIAL

B 32.82

-0.8%

3:59 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Market Tracker who wrote (24)	4/3/1997 11:30:00 AM
From: Market Tracker	of 87

At the annual stockholder's meeting yesterday, Theodore Martin described a "sense of satisfaction" about the company at the end of 1996. Martin continued, " The sense of satisfaction I'm speaking of has to do not only with where we arrived at year-end, but every bit as much with how we got there." "1996 can best be characterized as a pivotal point in the Barnes Group's journey from the past to the future." Martin was discussing such moves as tripling the number of products that Bowman Distributors sells, bringing the number to 1.2 million products. Also the positioning of Barnes Aerospace unit to take advantage of a boom in that industry with new customers, such as Rolls Royce. Barnes has expanded production capacity in several places, including Singapore. Martin promised to keep pushing for the sort of cost controls and overall growth that will drive profits. He could not, however, promise to duplicate the company's remarkable 1996 stock performance - which itself represented a pivotal breakout in the eyes of investors. Commenting on the 3-for-1 stock split, COB Thomas Barnes said the move will make Barnes a more stable stock by increasing the number of investors and the amount of shares traded on a given day. The Barnes family owns about 30% of the shares, and Thomas Barnes stated that the family has no plans to reduce that stake. In an interview following the meeting Martin was quoted as saying, " I wouldn't expect to see 1996 repeated in 1997", implying that the company's earnings and stock performance in 1997 will not continue at the same rapid pace as it did in 1996. Portions of the following post were extracted from an article in The Hartford Courant April 3, 1997. Respectfully, Gary

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next