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Non-Tech : ALDILA INC. golf shaft manufacturer; Nasdaq:"ALDA"
ALDA 0.05000.0%Nov 3 10:55 AM EST

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To: Mark T. Heath who wrote (130)2/8/1997 5:53:00 AM
From: Gary105   of 274
 
I suspect this year will be different than last. Last year alda peaked around now, fell out of bed and remained out of bed for most of the year. This year we ran up to 6, release earnings 1 cent below expectations and fell out of bed. But the situation now is different,
we are selling at about 13x expected earnings which are growing - a turnaround is well underway, there's a major share repurchase program and insiders are still buying (latest at 4.70). We bounced down to about the 50 d MA. Imo we bounce up soon, base, test the yearly high of 6 and establish new highs this year. There are gaps between 6 1/4 and 6 3/4 and 7 and 10 that remain unfilled.

Imo,
Gary
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