CHNL - Channell Commercial Corp. Message Board

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Technology Stocks : CHNL - Channell Commercial Corp.

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To: Jim Cunningham who wrote (16)	11/10/1998 10:21:00 PM
From: geoffrey Wren	Read Replies (1) of 21

Good time to buy. Actually a fairly positive report, but apparently the whisper number on this quarter's earnings was 29 cents or something. Part of the report was: We estimate our earnings per share to be in the $0.18 to $0.22 range in the fourth quarter of this year and that Channell's earnings per share for the year 1998 will be in the range of $0.85 to $0.89. At this time we estimate earnings per share in the first quarter of 1999 to be in the $0.14 to $0.17 range and the full year 1999 earnings per share to range from $0.93 to $0.97. This outlook for 1999 does not include any contribution from our new power utility division -- a market where we see numerous opportunities for Channell's expertise and product line. I shall look at this more. If the statement is taken as fair, the stock is trading at a forward PE of 8. I suspect the stock price will recover, maybe gain as this information is digested. But who knows? Geoff Wren

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