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Technology Stocks : Midway Games - MWY
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To: Qualopec who wrote (10)11/24/1997 4:48:00 PM
From: Rob S.  Read Replies (1) of 278
 
From all I can tell, midway will do very well over the next several months. Consumer sales and game sales in particular should do very well this Christmas: Consumer confidence is very high and the fear people have for losing their jobs is very low. This fear has been credited with having held back spending on Christmas last year. This year wages have risen at a healthy pace, (fortunately inflationary efects are off-set by increased productivity and strong price competition), so consumer spending should be stronger than it has been in recent years. Combine that with the investments Midway has made in new game titles and arcade systems and very strong outlooks for game system and software sales, and you get a pretty strong forecast for increased sales and earnings.

I got out of MWY at around 24 1/2 and am now ready to get back in. It should move up about 50% from here over the next six months.
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