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Strategies & Market Trends : BARNES- B : AN AEROSPACE GIANT THAT HAS A LOT OF POTENTIAL
B 32.80-0.8%Oct 31 9:30 AM EDT

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To: stockvalinvestor who wrote (43)5/24/1997 10:41:00 AM
From: Market Tracker   of 87
 
Kenneth - It appears as though Barnes' re-purchase program continues - the stock is being bought on dips in price on a regular basis. Friday Barnes hit a new 52 week high (28) and closed up $1.00 for the week at 27 7/8. That's 83 5/8 on the old pre-split shares and 14.1 X 1997 estimated EPS ($1.98 mean est. according to Zacks). I still believe Barnes has some more appreciation in it, however it is now becoming fairly-valued and I will begin to start taking some profits if and when it reaches the 30 level.
Have an enjoyable Memorial Day holiday, and I'll post again next week.

Gary
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