Continental Circuits (CCIR) Message Board

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Technology Stocks : Continental Circuits (CCIR)

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To: Jim Neal who wrote (48)	1/5/1998 1:57:00 PM
From: Dana Breite	Read Replies (1) of 54

According to Zacks, at some point last month analysts estimates were lowered for FY 7/98 from $1.49 to $1.44 and Q3 4/98 from .38 to .36, but FY 7/99 estimates were raised .08 to $1.72. Consensus LT growth rate remains at 22.5%. Zacks also has the following recommendations for CCIR: 11/25/97 A G Edwards Buy-Aggressive, 12/01/97 Adams Harkness & Hill Attractive, and The Chicago Corporation Buy. These recommendations don't seem to indicate much concern over the Asian economic troubles; nevertheless, some estimates were lowered, and then things worsened with tax loss selling. I feel CCIR may get a P/E ratio of around 20 with earnings of $1.44. That's over $28. I'm tempted to average down at $15, but I'll hold out to see if there are any lower estimates coming. Good luck, Dana

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