ELECTROGLAS -- How far can it go? Message Board

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Technology Stocks : ELECTROGLAS -- How far can it go?

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To: Proud_Infidel who wrote (738)	1/28/2000 3:17:00 PM
From: Proud_Infidel	Read Replies (1) of 1070

RESEARCH ALERT - Electroglas view raised NEW YORK, Jan 28 (Reuters) - Credit Suisse First Boston on Friday said analyst Kathryn Buergert raised her estimates and price target on the shares of Electroglas Inc., after the company posted better-than-expected fourth-quarter results on Thursday. -- company reported profit of 33 cents per diluted share compared with a loss of $1.04 per share a year ago. Fourth quarter revenues were $44.9 million up 29 percent from the third quarter and up 205 percent from Q4 1998, -- Buergert said the EPS figure topped her estimate of 27 cents, on higher revenues and strong operating leverage. -- she raised her estimates for 2000 profits to $2.20 from $1.15, and increased her price target to $45 a share, a 50 percent increase from current levels. -- Stock up 2-5/16 to 32-3/16 in morning Nasdaq trade.

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