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Technology Stocks : CMIC- CALIFORNIA MICROWAVE
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To: Jolly Roger who wrote (34)2/12/1997 6:11:00 PM
From: TheLineMan   of 67
 
If I'm right it looks that 1998 fiscal year will be good for CMIC.
$9million in tax refunds (50 cents a share) plus whatever gains in
profits from moving manufacturing from NY to AZ, and cutting deadwood.
I think analysts will have to project a return of at least $2.00 a share in FY 1998. But thery're taking one hell of hit in FY97. I hope the markets are looking long term at this one. Still have shares left, the bid never reached 19. Will be watching analysts earnings projections very carefully.
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