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Technology Stocks : Barringer technology (barr)

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To: Carole who wrote (586)7/22/1998 8:28:00 PM
From: Andrew P. Serowik   of 652
 
What ever happened to those FAA contracts? Government fiscal year begins October 1, so the FAA has to spend its budget by the end of September. So I'd imagine that if the revenue is going to show up, it should show up in the third quarter. If it does show up (and speaking with the company, they said that it should), wouldn't you expect BARR to blow out the estimates for the next quarter?

You've gotta give some credit to the guys running this company. Didn't they just do a two million share offering with the stock priced in the teens? And now they're buying back a million shares around eight bucks... Pretty good deal.
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