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Technology Stocks : Ballantyne Strong Inc (NYSE Amex: BTN)
BTN 2.580+7.1%Jun 12 9:30 AM EST

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To: bob ferrante who wrote (19)1/28/1998 5:40:00 PM
From: Julio P. Antelo  Read Replies (1) of 59
 
OK... what went wrong today?

Zack's consensus estimate for the 4th qtr. was .21/shr and the company comes in with .24/shr on a fully diluted basis. Both sales and EPS were up healthy amounts for the qtr. as well as the full year. Even better, the company announces in its press release that the order backlog continues to increase. So what am I missing here? The stock drops nearly 6% on what amounts to some pretty heavy volume, some 277,000 shrs.

In the press release the company also points out that the bulk of its foreign sales are concentrated in Canada, Mexico and the UK (no mention of Asian exposure). I'm at a loss to explain this one, can someone help? Julio
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