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Technology Stocks : SMIT (Schmitt Inds)likely to post 400% earnings gain YoY
SMIT 0.0155-12.4%Oct 14 2:00 PM EST
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To: Brian Meath who wrote (73)12/11/1996 7:56:00 PM
From: Michael A. Johnson   of 276
 
Thanks for your detailed report, Brian. First Call has raised its
estimate for the quarter to .09 so it looks like we're about back to
where Red Chip was originally. I think we could be see as high as 12
cents. Don't know if this will be enough to draw much attention to
this little jewel of a company. It may take a couple more blockbuster
quarters for them them to be recognized. After all, it is still a very
small company flying well under all the big boy's radar screens.
However, a German institution has added 20,000 shares of SMIT to its
portfolio, no doubt having the company brought to its attention by the
Hoffman acquisition.

I am bottom fishing this one, having picked up 550 shares at 8 today
and hoping for more tomorrow.

Please keep in touch, Brian.

Mike
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