SMIT (Schmitt Inds)likely to post 400% earnings gain YoY Message Board

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Technology Stocks : SMIT (Schmitt Inds)likely to post 400% earnings gain YoY

SMIT 0.0155

+3.3%

Oct 14 2:00 PM EST

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From: John Siewert	5/11/1996 12:45:00 AM
	of 276

I believe they reported on the 21st of the month following quarter end last time, so look for an announcement about the 21st of June. (fiscal year ends May 31) Last quarter the stock started moving the last two weeks of the quarter, a full five weeks before announcement, but it also corresponded with high volume for the very first time, so may not have been just anticipation related. As for whether the earnings are already in the price - the only research on the street on this stock is from RedChip review - it's their highest recommended stock. No one else even has published forecasts, they're simply valuing the stock on trailing earnings, which for the last 12 mos thru Feb was 8 cents. If the stock hits Redchips estimate of 40 cents in 1997 (which should be easy), you get a 25 p/e on earnings growth of 100%+.

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