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Non-Tech : Argosy Gaming Co. (AGY)

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To: Gary Korn who wrote (228)12/18/1999 9:43:00 PM
From: Ram Seetharaman  Read Replies (1) of 259
 
That's good - in the land of debt they are moving into better things!

If their earnings grow better than 1999 in 2000, I don't know why AGY shouldn't touch $ 25+.

Look at the Table in page 168, of the 12-27-99 issue of Business Week, under the article, "Making the most of a good situation" by Frderick F. Jesperson. Under 1999 winners he lists Coal,Oil,Gas with earnings change of 3303% from 1998 and Petroleum services as a laggard with -42 % earnings change from 1998. However for the year 2000, estimated earnings change from 1999, Petroleum services is at 123 %, Steel is at 328 % and Entertainment is at 370%. Assuming AGY fits in this category, that should translate into significant stock price appreciation.
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