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Technology Stocks : SMIT (Schmitt Inds)likely to post 400% earnings gain YoY
SMIT 0.0155+3.3%Oct 14 2:00 PM EST
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To: Billy Barooo who wrote (1)4/23/1996 9:25:00 PM
From: Brian Meath   of 276
 
Earnings for 3Qtr end Feb (Fiscal year May) reported about a month
ago. Results were 7.5 cents vs prior years' 2 cents, bringing YTD
to 12 cents vs 5 cents. The stock traded as low as 4.75 as recently
as mid Feb, started to track up around the time of the annual mtg,
(late Feb), then exploded to 11.25 after the announcement. It has
since come back to the 9.50 range.

The next big move should occur in the lead-up to year-end (ending
May, reporting mid June). The firm expects to have another strong
quarter, in the 8 - 12 cent range, which would blow the doors of the
prior year which finished up at 4 cents.

Prior to last qtr, the stock had only ever moved around earnings
reports, in a stair step manner. The fact that it moved ahead of
earnings this time leads me to believe that some institutions are
starting to get in - also the volume has been huge compared to
three months ago.
December when I got in
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