Eagle Hardware (EAGL) The Next Home Depo Message Board

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Non-Tech : Eagle Hardware (EAGL) The Next Home Depo

EAGL 1.550

-1.3%

Jan 21 4:00 PM EST

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To: Paul K who wrote (190)	10/10/1997 3:50:00 PM
From: JCS	of 389

Thanks for the news story. Yes, I bought when he sold. Sounds like he needed some pocket change. I couldn't find any reason for the volume and drop today so I decided to risk catching a falling sword. One possible explanation for the volume is that there was a 5 million share day on 9/18 and perhaps the buyer(s) got disenchanted and decided to sell on a 10% drop. All pure speculation on my part. Anyway, the analysts still like the stock and Piper Jaffray maintains a 12 month target of 32. I agree with the other poster who said that this would be a good target for Lowes. Not being from the NW, I'm taking on faith that this is a well run company and not a Payless or Builder's Square. Good luck to you.

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