Cornerstone Imaging (CRNR) Message Board

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Technology Stocks : Cornerstone Imaging (CRNR)

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To: Mad Bulgarian who wrote (32)	12/19/1996 2:58:00 PM
From: Mark A. Stang	of 430

I expect CRNR to hit at least the mid-teens in 1997. I am long 10,000 shares at average basis of 7.18. Cornerstone has had its ups and downs (e.g. went from intra-day low of 5 3/16 on 9/5 to intraday high of 11 on 10/17/96 to intra-day low today of 6 5/8). However the company only returned to profitability last quarter, earning .06/share, above First Call estimate of .02/share. First Call projects .13 EPS for 4-Q. If CRNR meets or exceeds estimates, I think downside volatility will be significantly reduced, and we will see steady price growth. Cornerstone is a tremendous bargain right now for Christmas shoppers. I would buy more, but it's already my biggest position.

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