Speizman Industries (SPZN) Message Board

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Non-Tech : Speizman Industries (SPZN)

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To: dave niper who wrote (2)	9/15/1997 9:18:00 AM
From: Christopher Brainard	of 21

Hi Dave, Don't worry about the closings in Italy during August. Many places in Europe close for a couple of weeks during the summer months, Italy is no exception. Though, these facts make the recent order announcement even more interesting. I would be very surprised if the SPZN story is interesting enough for IBD "New America". I owned this stock back in 1993. Bought in at $7.75 in May. Company reported some good earnings and was written up by some small cap stock newsletter. Stock went crazy, I sold in August at $15.75 and a few DAYS later the stock was above $20. There seems to be some overhead supply here as we move forward. But with the great earnings now being reported and the market's current liking for low PE small cap stocks, it should not be too long before we start moving quickly ahead. (IMHO) I am kind of surprised the current sellers have not stepped aside to wait for higher prices. Perhaps some of the BIG BUYERS who were around buying when the stock was $3 are taking some profits. Today should be an interesting day for SPZN. Good luck and hope you can get in today in the low $7s. Chris ...

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