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Non-Tech : OAKLEY- NYSE:OO
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To: dave luken who wrote (951)8/13/1997 10:02:00 PM
From: giles   of 1383
 
IMHO, the reason OO has support notwithstanding downward revisions of earnings is the feeling that the low earnings point has been hit, that OO is almost a certifiable turnaround situation stock where earnings should continue to improve as far out as one can see. I feel that by or in the fourth QTR, OO should show dramatic gains in stock price as earnings increase and investors expectations are in fact realized unless the whole market tanks.
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