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Strategies & Market Trends : The Amateur Traders Corner

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To: RockyBalboa who wrote (14450)	10/2/2001 3:36:05 PM
From: Tom Hua	Read Replies (1) of 19633

TALX Corp. is tumbling $4.65, or 21 percent, to $17.10, following the company's warning of a fiscal second-quarter shortfall. The provider of human resources benefits and payroll services said earnings are now expected to be 10 to 12 cents a share, while analysts polled by Thomson Financial/First Call had been expecting profits of 15 cents a share, on average. For fiscal 2002, EPS is anticipated to be 58 to 62 cents, compared with expectations of 61 cents. Analyst Michael Ferguson at Stifel Nicolaus followed by downgrading the stock to "buy" from "strong buy," saying "management may have lost a bit of credibility." Ferguson said managment could be "forgiven" if 2002 profit reaches the high-end of its target. In addition, Robert Baird's Randall Mehl cut his rating to "market perform" from "market outperform." The stock was a subject of analyst banter late-last week as well. TALX tumbled 24 percent last Thursday when Adams, Harkness & Hill analyst Charles Trafton cut his fiscal 2002 and 2003 earnings estimates. Trafton then contributed to Friday's 12 percent rally by upgrading the stock, saying the previous day's sell-off was "overdone."

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