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Strategies & Market Trends : Position Trading Forum

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To: CharleyMike who wrote (4842)	11/1/1998 6:35:00 PM
From: Wowzer	of 7247

I'll go with IBC. The stock sold off 25% on about 13 times average volume Friday due to an earnings warning. They were supposed to report about $.53, company indicated earnings will be closer to $.46. Earnings aren't due until first part of Dec. IBC is USA's largest baker and distributor of baked goods with brand names such as Hostess, Dolly Madison, Wonder, Home Pride, Merita, Roman Mill and others. Reason for decline in earnings was due to price competition. Currently trades at 14 times earnings and only 7 times cash flow. Strong fundamentals, excellent brand name products, company should bounce back to $30 in my opinion. Rory

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