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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Olaf Koch who wrote ()10/12/1999 12:06:00 AM
From: hdrjr  Read Replies (2) of 95453
 
CNRD
Conrad Industries Inc., a builder of barges, tugboats and other vessels, warned that third-quarter earnings will fall because demand slipped in its repair business.

The company expects to earn 1 cent to 3 cents a share in the
period ended Sept. 30, compared with 18 cents a year ago and 10 cents last quarter. It also said it will earn 5 cents to 8 cents in fourth quarter, compared with 6 cents a year earlier.

Morgan City, Louisiana-based Conrad, which also operates
three shipyards on the U.S. Gulf Coast, blamed delays and
billing adjustment on one vessel-construction project, as well as weak demand in its repair and conversion units.

Conrad shares were unchanged at 4 1/4. The warning came
after the close of regular U.S. trading.

quote.bloomberg.com

Not a bad looking small cap, but no stock liquidity.

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