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Non-Tech : Vans Inc. BIG HUMONGOUS Earnings jump.

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To: Ed Wheless who wrote (328)12/30/1998 4:05:00 PM
From: Allan Corrado  Read Replies (1) of 403
 
I agree, the price should be higher but...
They missed earnings estimates(terminal for a small-cap nowadays) and the CEO said not to expect any growth for the rest of the fiscal year ending June 1999. Add the NIKE cloud hanging over the whole industry and uncertainty about growth in SE Asia and everybody forgets that this is a solid company with a good track record. Now that all the doom and gloom is factored in, I am wondering if the move today was because of something substantive, like good x-mas sales, or just a tax-selling bounce.
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