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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (12889)2/23/2000 9:18:00 PM
From: TRIIBoy  Read Replies (1) of 18998
 
To his highness:

Guess TRIIBoy had this one nailed, huh?

Department 56 (DFS:NYSE - news - boards) reported fourth-quarter earnings of
35 cents a share, missing the three-analyst estimate of 41 cents and the
year-ago 38 cents. The company said additional reserves on customer balances,
higher operating expenses due to the implementation of a new computer system
and the one-time write-off of certain acquisition-related inventory costs and costs
associated with consolidation hurt earnings. Department 56 warned it expects
2000 earnings per share to fall below those of 1999 due to higher costs.
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