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Non-Tech : Rubbermaid (RBD)
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To: Wallace Rivers who wrote (3)2/6/1997 4:14:00 PM
From: Todd King   of 45
 
Wallace/All.

I listened to the Rubbermaid 4Q conference call. An article in the WSJ seems to sum up the content very well. Some highlights are below. I will list the concerns first, as the company fell a bit short of expectations.

1. Little Tikes unit had poor performance, sales down double digits
2. Resin prices up 40% from first part of the year
3. International sales increased only to 19% from 18% of total
4. Mgmt. comfortable with estimates of $.20 to 0.25 for 1Q97 and
$1.20 to $1.30 for year.
5. No significant insider purchases of stock

There were some positives though,

1. Company instituted EVA-based incentive program
2. Gross margins expected to increase to 33% by year end
3. Resin prices expected to be flat or slightly declining
4. Cost reduction program on track

Overall, not an extremely positive call, but it appears that there is some hope for things to improve as the year unfolds.

Todd
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