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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks

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To: Esway who wrote (470)1/13/2000 8:33:00 AM
From: Neil H  Read Replies (2) of 5499
 
TOM- One of my plays got hit. First one since PSFT. It was due. SHould have figured it out by the down trend in a time when it usually takes off

An excerpt from street.com
Stocks to Watch: Tommy Hilfiger Issues Earnings Warning;
By Tara Murphy
Staff Reporter
1/13/00 8:16 AM ET
Tommy Hilfiger (TOM:NYSE) warned investors that it expects to post third-quarter earnings between 58 cents to 64 cents a share, greatly missing the 14-analyst estimate of 73 cents, but possibly exceeding the year-ago 61-cent profit. The company is blaming pricing pressure for the disappointing outlook.

Tommy is forecasting fourth-quarter earnings between 35 cents to 45 cents a share, also missing the 13-analyst estimate of 58 cents. In premarket activity, Tommy was down to 17 3/8 from Wednesday's closing price of 19 3/16.

Neil
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