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Strategies & Market Trends : BARNES- B : AN AEROSPACE GIANT THAT HAS A LOT OF POTENTIAL
B 32.82-0.8%11:03 AM EDT

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To: Market Tracker who wrote (56)8/23/1997 2:30:00 PM
From: Market Tracker   of 87
 
BARNES UPDATE -
Since my last post Barnes has declined to the 27 1/2 level after attaining an all-time high in late July. In the past few trading days B has had strong support at the 27 1/4 level, although trading volume has been generally lackluster.
My projected earnings estimate for 1997 remains at $2.00-2.10, which translates into a "fair market price" of $30-34 depending on this schitzophrenic thing we call a stock market.
MT
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