STEAMROLLER'S DAYTRADES Message Board

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Strategies & Market Trends : STEAMROLLER'S DAYTRADES

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To: STEAMROLLER who wrote (276)	8/17/1998 10:15:00 PM
From: STEAMROLLER	Read Replies (2) of 1561

RESEARCH ALERT - Platinum gets strong buy Reuters Story - August 17, 1998 15:05 CHICAGO, Aug 17 (Reuters) - Barrington Research Associates Inc. said Monday it initiated coverage of Platinum Entertainment Inc. with a strong buy rating and a $13 a share price target over the next 12 months. Platinum Entertainment produces and distributes recorded music. Barrington analyst James Goss estimates Platinum Entertainment's 1998 revenues at $49.4 million, up 31.3 percent from restated 1997 figures, and 1999 revenues at $59.8 million, up 21 percent, with earnings of $0.39 a share in 1999. Shares of Platinum Entertainment were trading up 1/16 to 6-15/16.

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