Iwerks has turned around Message Board

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Non-Tech : Iwerks has turned around

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To: Rainman who wrote (3)	7/25/1996 8:50:00 AM
From: Gary105	of 52

I'm also impressed with the new team. They have successfully mastered a turnaround. They also recognize that the key is now growth - "partnering" seems to fit well with this strategy - as long as they do not overextend themselves - as the previous team did with the "Cinetropolis" concept. I cannot help but wonder whether the CFO is leaving because of the new focus - turnaround financial people are often not good at growth. Re. the earnings - because this is their year end, the earnings are audited by an outside accounting firm - I'm told they will not be out until the end of August. I also expect them to beat .06 per share for the 1/4 and 0.20 for the year (no guarantees). If your predictions are correct and if the market behaves rationally, then the stock should move higher. Good luck!

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