BARNES- B : AN AEROSPACE GIANT THAT HAS A LOT OF POTENTIAL Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : BARNES- B : AN AEROSPACE GIANT THAT HAS A LOT OF POTENTIAL

B 33.08

+3.2%

Oct 30 3:59 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Market Tracker who wrote (46)	6/11/1997 8:15:00 PM
From: Market Tracker	of 87

Barnes update, It's been two weeks since I last posted to this thread,and no one has even put in 1 post, I'm surprised. After a week of softness and probably some profit-taking, Barnes steadied at around the 25 3/4 level last Mon (6/9). The stock is sluggishly awaiting the release of earnings on 7/16 and the company should report 2Q EPS of around $0.50 vs $0.43 a year earlier. The company still appears to be on track to earn $1.95-$2.00 for the F.Y. ending 12/31. It appears that some market money is being pulled from the techs and placed into more conservative vehicles, paper, banks, and more basic industry types. Some of this could be quarter ending window dressing for the funds, and some may be the swapping of high multiple issues, (techs, disk drive manufacturers, networkers, etc.) for lower P/E stocks. BTW - Ralph Accampora upgraded his estimate of the Dow for 1997 on CNBC this morning from a high of 8250 to 8750 before the end of 1997. I've meet Ralph many years ago and he is a pretty sharp guy who knows his stuff. - We'll see Gary

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next