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Strategies & Market Trends : 50% Gains Investing

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To: Bouf who wrote (13857)	1/2/2000 9:44:00 AM
From: Dale Baker	Read Replies (1) of 118717

I looked. SNKI isn't making any money at what they do, which is a commodity retail business anyway. Swank manufactures, sells and distributes men's jewelry, belts, leather accessories and suspenders and women's jewelry, all available through retailers worldwide. For the nine months ended 9/30/99, net sales rose 6% to $110.9 million. Net income fell 97% to $42 thousand. Results reflect increased shipment of men's personal leather goods, belts and improved sales, offset by inventory related cost associated with the excess and discontinued merchandise and an unfavorable sales mix. I am adding PLUS to my Monday "might buy" list instead.

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