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Strategies & Market Trends : BARNES- B : AN AEROSPACE GIANT THAT HAS A LOT OF POTENTIAL
B 33.08+3.2%Oct 30 3:59 PM EDT

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To: stockvalinvestor who wrote (28)4/30/1997 11:40:00 AM
From: Market Tracker   of 87
 
Kenneth - I looked at Zacks earnings estimates this morning and was very pleased to see that the analyst following Barnes Group, Inc. has increased his estimate for FY 12/97 by $0.54/share on a pre-split basis. His new pre-split earnings est. for B for year ending 12/31/97 is revised upward from $5.40 to $5.94. On the split shares
the new estimate translates to $1.98 per share for the year vs an adjusted $1.67 for 12/96.
He also has an estimate for 12/98 FY of $2.15. If Barnes can sell for 15X forward 97 EPS we are looking at a $30 stock, an increase of 25 - 30% from current levels.
Regards,
Gary
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