Gentex (GNTX) Message Board

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Non-Tech : Gentex (GNTX)

GNTX 23.57

+0.5%

3:59 PM EST

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To: Turs who wrote (155)	1/4/1999 9:44:00 AM
From: Turs	Read Replies (1) of 196

GNTX announced that they had great sales for Q4 and will beat consensus expectations (currently at .19/share) by .03-.04/share. I had been thinking (and may have posted) that SUV sales continued very strongly and GM continued to push for market share by discounting. All of this drove sales. Apparently, gross margins were also stronger than expected. This is a huge surprise (15-20%) relative to expectations and puts year end 98 EPS at .67-.68/share. Looks like my '99 estimate of .80 will be a few pennies low. Still not sad that I sold some of my shares, but this type of consistency is the reason that GNTX is the second largest holding I have. Happy New Year! Turs

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