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Strategies & Market Trends : Wire to Wire Daily Stock Picking

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To: Jeffrey L. Henken who wrote (3033)	8/11/1999 1:21:00 PM
From: dexx	Read Replies (2) of 3514

Jeff, I want to enter Smith Corona (Nasdaq: SCCO) in the Wire-to-Wire contest for tomorrow in the $1 - $5 category. This is not just a short-term play either. SCCO - Dexx - Float 2.1 million - $1.50 x $1.59 - Major turn-around! I am hearing that Smith Corona (Nasdaq: SCCO) is rumored to be coming out with some impressive turn-around numbers (maybe as early as tomorrow). This company has made major management and product changes, which have resulted in (I am told) significant improvements in profitability. Smith Corona has also recently signed a major deal with Office Depot, the largest office products retailer in the world. Smith Corona generates about $47 million in revenues and has ONLY 3.1 million shares outstanding (about 2.1 million shares in the float). Current price: $1.59 a share (which is less than the company's cash value). See the following links for more complete information on Smith Corona. Message 10876499 Message 10882481 I think the upcoming earnings report will give the price a very nice boost (and with this small float, this could become a $20 stock or better in a year, IMO). Dexx

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