Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Bill Wexler who wrote (1228)	6/26/1998 11:33:00 PM
From: Bill Wexler	Read Replies (1) of 4634

Briggs & Stratton (BGG) sputters BGG's stock price is fading in spite of a rising market. I believe that investors are slowly lightening up going into the soon-to-be-released earnings report. I have zero doubt BGG will miss its numbers, the only question is by how much. Furthermore, I beleive that the balance sheet deterioration will continue (escalating debt), margins will be under even greater pressure, and EPS estimates will probably be revised downwards. I have a near-term target of 29-30 a share. If BGG really screws it up and management sounds a bit pessimistic about next Q, watch for the stock to go to 25. Closed to day at 37 down 13/16.

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