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Strategies & Market Trends : BARNES- B : AN AEROSPACE GIANT THAT HAS A LOT OF POTENTIAL
B 33.08+3.2%3:59 PM EDT

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To: Market Tracker who wrote (61)1/1/1998 8:04:00 PM
From: Market Tracker  Read Replies (1) of 87
 
Barnes closed 1997 on a downswing closing at 22 3/4, and up 13.8% for the year. This is a very fundamentally sound company which has grown dividends at an 8% rate over the past 5 years, and is due to report record earnings in just a few short weeks. At ~ 11X 12/31/97 earnings, Barnes is becoming a better value with each passing day. At these price levels, it wouldn't surprise me if the company continues or expands it's share re-purchase program during the year. Company is in need of additional sponsorship. Looking for price to be in the 30's during the forthcoming year.

MT
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