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Strategies & Market Trends : Asia Forum
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To: GuinnessGuy who wrote (151)12/26/1997 4:07:00 AM
From: Don Earl  Read Replies (2) of 9980
 
Hi Craig,

Very helpful. Thank you much. I've been trying to do some possible EPS estimates on some stock I own that has factories in Asia. As close as I can figure labor costs should be 1/3 less because of exchange rates. It might mean over .30 EPS savings in cost of sales. The company also has lending facilities in Asian currencies from before the drop in exchange rates.

I'm looking at some substancial paper losses due to some very bad downgrades in First Call estimates. I think the estimates are way off but hanging in there has been pretty ugly the last few weeks.

Regards,

Don
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