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: Scott Mc who wrote (195)	10/11/1997 1:15:00 PM
From: Carlson	of 389

Scott Mc, I spoke to the CFO of Eagle on October 10. There is indeed a reason for the drop in the stock. One major analyst is currently reviewing his earnings model for EAGL. His current estimated is $1.28.There is a rumor that he will cut his earnings target to $1.20.As you might be aware EAGL has delayed the opening of two stores to the end of this quarter.I do not view this news as negative as the stock as reacted. I view this as an excellent opportunity to sell naked puts on this issue or accumulate the issue at current levels.I sold the October 17 1/2 puts and collected a nice premium.

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