John: Several months ago, ValueLine had an earnings estimate of
$1.75 for the year ending Dec 30, 1996. Currently, the company has
earned $1.35 for 9 months. As you probably know, the web site
wsrn.com
gives some very useful information about any company you desire,
and their stock smart estimate is $1.80 for the year. I believe
Zacks estimate is also in the range $0.40 to $0.45 for the fourth
quarter, but I no longer know where to find a free Zacks estimate on
the internet.
Also, if you look at the 10Q available at the web site I mentioned,
the 10Q filed on Nov 5, 1996, it shows that the company has a 21
million dollar capital loss carry forward, of which 17.5 million will
expire in 1997. I am not an accountant familiar with how the tax
laws have changed recently, so I don't know how much credit this would
yield against their income tax in 1997.
Harlan |
