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Non-Tech : SPARTECH (SEH) - AN UNDISCOVERED GEM
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To: Paul B. who wrote (16)12/9/1997 9:01:00 PM
From: dennisp   of 66
 
Why with good news SEH drops?
Dennis

the news:

ST. LOUIS, Dec 9 (Reuters) - Spartech Corp, which reported
higher sales and profits for fiscal 1997 ended November 1, said
Tuesday it expects strong cash flow in fiscal 1998.
"Excellent operating cash flow in 1997 allowed us to invest
$12.2 million in equipment additions, and also increase our
quarterly cash dividend during the year. In addition, we
anticipate strong cash flow in 1998, resulting from the
company's recently completed $60 million private placement of
7.00 percent senior unsecured notes and a full year of
operating earnings from the Preferred acquisition," said chief
operating officer David Mueller.
Spartech said sales and earnings for its fiscal year
improved due to improved production efficiencies, strategic
acquisitions and cost containment efforts.
Shares in the maker of thermoplastic materials and
polymeric compounds were off 2/16 at 17-5/16.
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