Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: LzzrdKing who wrote (39)	7/9/1997 12:37:00 AM
From: LzzrdKing	of 7396

Here is the KMET news, I bought at 25 today, looking for a breakout tomorrow I finally found the story. It's about time! Should be good news for VSH as well. Here is a brief version of the story: NEW YORK- Shares of Kemet Corp., which makes capacitors used in personal computers and other electronic systems, climbed 11% after Merrill Lynch raised its fiscal 1998 earnings estimate for the company Tuesday morning. Jerry Labowitz, an analyst at Merrill Lynch, raised Kemet's fiscal 1998 earnings-per-share view to a range of $1.45 to $1.55 from a range of $1.30 to $1.50, bringing his estimate closer to a mean First Call estimate of $1.49 a share. Labowitz also said he expects Kemet to trade "at least in line with" its two competitors, AVX Corp. and Vishay Intertechnology Inc., at about $30 over the next 12 to 18 months. Labowitz maintained a short-term rating of "accumulate" and a long-term "buy" on the stock. Kemet's Senior Vice President of Administration and Treasurer Ray Cash agreed that Labowitz's estimate change was responsible for the the stock's jump. He also said he was comfortable with Labowitz's estimates.

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