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Non-Tech : Arrow-Magnolia International Inc. (ARWM)

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To: William Harvey who wrote ()12/13/1998 4:20:00 PM
From: William Harvey   of 4
 
ARWM's has been in a downtrend since July. We're still hardly above our low of the year, unlike most small cap stocks. In the later part of November, we broke the downside trend. Look at the chart: tscn.com The chart shows some accumulation around the first part of November, too.

Arrow is well on its way to doubling the size of their Dallas factory and by the first of the year according to Scwiff, we should be up to an output approaching $25M/year, a 100% gain. Double the revenue and you goose the profit margin too.

WH
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