E-Mail to Cornerstone Investor Relations Re: Lousy First Call Placement
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Subj: Message to Investor Relations
Date: 04/15/97
To: sales@corimage.com
Dear Cornerstone Investor Relations:
Please E-mail me your name, E-mail address, and telephone number.
As a shareholder (10,000) shares, I am very pleased by Cornerstone's STRONG performance. It looks like Cornerstone's return to profitability three quarters ago will be sustained.
Like many Cornerstone shareholders, I feel that Wall Street has not taken heed of Cornerstone's performance and potential. As even the company has pointed out, the stock is undervalued.
Accordingly, it was very frustrating, when Cornerstone turned in a 100% earnings surprise, compared to First Call's .07/share estimate, that Cornerstone was not listed second at the top of First Call's earnings surprise list (on AOL), the spot its upside percentage warranted. Instead, First Call placed Cornerstone second from the bottom of the list, even below the meager positive loss surprises, with the comment "N/A". What data was not available to First Call to justify such lousy placement, which "buried" Cornerstone's fine performance?
As a shareholder, I request that you look into this matter, contact First Call, and explain what happened.
Thank you,
Mark A. Stang
Cgstang@aol.com
First Call Earnings Surprises
Positive Surprises
------------------
First Call
Consensus Actual Earnings STD Num
Company Name Ticker Period EPS EPS Surprise Dev Bro
UST Corp. USTB Q1Mar97 0.14 0.36 157.1% 0.11 4
Reynolds Metals Co. RLM Q1Mar97 0.14 0.27 92.9% 0.11 12
Fairfield Community P FFD Q1Mar97 0.17 0.30 76.5% 0.01 2
Genentech, Inc. GNE Q1Mar97 0.18 0.25 38.9% 0.06 9
Watkins-Johnson Co. WJ Q1Mar97 0.21 0.29 38.1% 0.04 3
Lone Star Technologie LSST Q1Mar97 0.27 0.37 37.0% 0.04 2
Medco Research, Inc. MRE Q1Mar97 0.10 0.13 30.0% N/A 1
Caterpillar Inc. CAT Q1Mar97 1.69 2.08 23.1% 0.10 18
Plum Creek Timber PCL Q1Mar97 0.35 0.43 22.9% 0.01 8
Texas Instruments Inc TXN Q1Mar97 0.58 0.70 20.7% 0.09 23
HON Industries HONI Q1Mar97 0.49 0.59 20.4% 0.00 2
Raymond James Financi RJF Q2Mar97 0.50 0.60 20.0% N/A 1
Carbo Ceramics CRBO Q1Mar97 0.26 0.31 19.2% N/A 1
Digital Link Corp. DLNK Q1Mar97 0.12 0.14 16.7% 0.00 2
Cognex CGNX Q1Mar97 0.13 0.15 15.4% 0.01 9
Merrill Lynch & Co., MER Q1Mar97 2.03 2.34 15.3% 0.17 8
M.S. Carriers Inc. MSCA Q1Mar97 0.22 0.25 13.6% 0.02 7
Ballantyne of Omaha BTN Q1Mar97 0.15 0.17 13.3% N/A 1
Uniphase UNPH Q3Mar97 0.23 0.26 13.0% 0.00 5
Timken Co. TKR Q1Mar97 1.18 1.32 11.9% 0.02 4
Camco International I CAM Q1Mar97 0.51 0.57 11.8% 0.03 13
Dura Pharmaceuticals DURA Q1Mar97 0.17 0.19 11.8% 0.01 10
Enron Global Power & EPP Q1Mar97 0.51 0.57 11.8% 0.02 4
Teradyne Inc. TER Q1Mar97 0.18 0.20 11.1% 0.01 7
Media General Inc. MEGA Q1Mar97 0.28 0.31 10.7% N/A 1
V.F. Corp. VFC Q1Mar97 0.96 1.06 10.4% 0.02 7
Crossmann Communities CROS Q1Mar97 0.31 0.34 9.7% 0.01 2
Republic Bancorp RBNC Q1Mar97 0.21 0.23 9.5% 0.02 5
Paine Webber Group PWJ Q1Mar97 0.87 0.95 9.2% 0.07 7
Synthetic Industries SIND Q2Mar97 0.22 0.24 9.1% 0.01 2
Simpson Industries, I SMPS Q1Mar97 0.22 0.24 9.1% 0.02 7
Simon Transportation SIMN Q2Mar97 0.23 0.25 8.7% 0.00 3
St. Paul Bancorp, Inc SPBC Q1Mar97 0.47 0.51 8.5% 0.01 12
Sun Microsystems, Inc SUNW Q3Mar97 0.47 0.51 8.5% 0.03 20
Commercial Bank of Ne CBNY Q1Mar97 0.36 0.39 8.3% 0.00 2
Gallagher & Co. (Arth AJG Q1Mar97 0.49 0.53 8.2% 0.02 2
Harley-Davidson HDI Q1Mar97 0.49 0.53 8.2% 0.02 9
Ikos Systems Inc IKOS Q2Mar97 0.26 0.28 7.7% 0.01 4
Watsco Inc. WSO Q1Mar97 0.13 0.14 7.7% 0.00 9
McGraw-Hill, Inc. MHP Q1Mar97 0.14 0.15 7.1% 0.01 8
State Street Boston C STT Q1Mar97 0.98 1.05 7.1% 0.01 10
Coastal Bancorp. Inc. CBSA Q1Mar97 0.60 0.64 6.7% 0.02 3
Wolverine World Wide WWW Q1Mar97 0.15 0.16 6.7% 0.01 7
Sprint FON Q1Mar97 0.63 0.67 6.3% 0.04 16
Key Energy Group Inc. KEG Q3Mar97 0.16 0.17 6.3% 0.01 4
Natural Micro Systems NMSS Q1Mar97 0.16 0.17 6.3% 0.01 8
CCB Financial Corp. CCB Q1Mar97 1.26 1.33 5.6% 0.02 8
TR Financial ROSE Q1Mar97 0.74 0.78 5.4% 0.01 5
Corning Inc GLW Q1Mar97 0.38 0.40 5.3% 0.01 6
Quality Food Centers XQ Q1Mar97 0.38 0.40 5.3% 0.01 8
Public Service Enterp PEG Q1Mar97 0.79 0.83 5.1% 0.04 8
Rayonier Inc. RYN Q1Mar97 0.59 0.62 5.1% 0.02 8
Citicorp CCI Q1Mar97 1.99 2.09 5.0% 0.06 16
Coca-Cola Enterprises CCE Q1Mar97 -0.30 -0.24 N+ 0.05 14
Depotech Corporation DEPO Q1Mar97 -0.34 -0.30 N+ 0.08 2
Itron Inc. ITRI Q1Mar97 -0.26 -0.24 N+ 0.04 6
Micro Therapeutics MTIX Q1Mar97 -0.45 -0.36 N+ 0.03 2
Pinnacle Systems PCLE Q3Mar97 -0.22 -0.18 N+ 0.02 2
U.S. Bioscience UBS Q1Mar97 -0.20 -0.16 N+ 0.05 4
Excite Inc. XCIT Q1Mar97 -0.43 -0.37 N+ 0.09 4
Cornerstone Imaging I CRNR Q1Mar97 0.07 0.14 N/A 0.02 4
Fieldcrest Cannon, In FLD Q1Mar97 0.06 0.10 N/A 0.02 7
Legend:
N/A All or some data necessary for calculation is unavailable.
N/C Not Calculable, e.g. divisor (Mean estimate) = 0, and there
is more than one estimate.
N+ Actual EPS is larger than Mean estimate. Mean estimate is
negative or zero.
N- Actual EPS is smaller than Mean estimate. Mean estimate is
negative or zero.
First Call Corporation - all rights reserved.
Transmitted: 4/15/97 4:50 PM (es0415)<<<<<<<<<<<<<<<<<<< |
