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Technology Stocks : Thermo Electron (TMO)
TMO 563.67-0.3%10:46 AM EST
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To: Miles Rhyne Hoffman, CFA who wrote ()8/24/1999 8:13:00 PM
From: Ray Dopkins  Read Replies (1) of 450
 
ThermoRecovery?

August 24,
1999/FOOLWIRE/ -- The past couple of years have been miserable for
shareholders of Thermo Electron (NYSE: TMO), a conglomeration of wholly
owned and majority-owned subsidiaries that makes scientific, medical, and
industrial instruments. After rising from single digits in 1990 to $45 in
1997, the company's stock price rapidly disintegrated to its current price
of $16 (it went as low as $12 1/2 in April). A complicated organizational
structure, management missteps, and a horrible worldwide economic
environment led to the downfall. The company has begun addressing some of
the internal problems and has a recovering worldwide marketplace. Could it
now be time for a ThermoRecovery?

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