TWMC: Trans World Entertainment Is Playing Catchup Message Board

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Technology Stocks : TWMC: Trans World Entertainment Is Playing Catchup

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To: Bosco who wrote (61)	5/3/1999 2:33:00 PM
From: Bosco	Read Replies (1) of 93

Coverage initiated by Dain Rauscher Wessels But it is valued at < 16 forward p/e? best, Bosco -- biz.yahoo.com [full text below] Monday May 3, 11:59 am Eastern Time RESEARCH ALERT - Dain starts Trans World CHICAGO, May 3 (Reuters) - Dain Rauscher Wessels said Monday it has initiated coverage of retailer Trans World Entertainment Corp. with a buy-aggressive rating. -- Dain Rauscher says in a report it expects the company to begin combining its brands, which include Strawberries, Coconuts and Spec's Music, during the next year, ''creating leverage opportunities.'' -- Says the stock's valuation and growth rate are compelling and it has a $22 12-month stock price target. -- Estimates fiscal 1999 earnings per share of $1.40, compared with $1.18 in fiscal 1998. Estimates fiscal 2000 earnings of $1.67 a share.

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