STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE Message Board

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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE

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To: James Strauss who wrote (807)	12/25/1997 10:15:00 PM
From: Sergio H	Read Replies (1) of 2377

Jim, I've looked at two on your list so far. REPS, an engineered steel producer. 1 analyst providing coverage, Smith Barney with a hold rating. For the Sept. quarter the company exceeded expectations but it was done with a reduction of employees, less sales and revs, and lower profit margins. Only positive that I found is their association with Japanese industry giant, but this association will lead to buiding of a new mini mill complex requiring issuing more shares or debt. Lots of insider buying in Nov. but this does not mean much as the company is wholly owned by employees through stock ownership plan and institutions own the balance of shares. TRKN, semiconductor fabrication equipment. One insider sold big chunk of shares in Nov. CEO and two directors resigned in Nov. and C. Dobson who owns 34% of the shares became the new CEO. About 90% of sales are outside the US. Company has to change course if it's going to survive. Presently trading near it's low and cash value per share. Any upward movement right now is a vote of confidence for Dobson and not much else. Sergio

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