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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (4580)	5/11/1998 7:28:00 PM
From: BK	Read Replies (1) of 29382

<ICAR hits earnings estimates on the button consistently. They're expected to have a loss for next year. Do you know why?> Spoke to Mike Ryback, CFO. He had me go back and look at the current year estimates. The spread was .65 to 1.25 w/ avg at .95. He said there was no way they would come close to 1.25. He said the low end estimate for this year and the .70 estimate for next year was very realistic. Obviously, if the 1.25 is out of range, the expected "decrease" for next FY is an aberration. If you go from the .65 to .70, you get a nice little 7.7% increase in earnings. He also indicated there had been no unforeseen events this year to lower earnings. His opinion is that the merger just completed will be very beneficial to them. Bruce

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