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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (18111)	7/28/1999 1:14:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 43080

Watch HOT on todays earnings list...looks like it might be ready to join the market....the chart as been crap so watch VERY CLOSELY...not necessarily suggesting it as a trade yet.. BUT...bid just got strong! Oh...I've been busy...just noticed MRBA coming into buy range...watch closely...patience...is key to high profits....29 possible? I doubt it...I will start buying 30.5! and down....quicker than I antisipated? not a great sign...I usually lower my targets when this happens... HOT...may pop! I wonder if Qcharts is working? looking to back-up tradwind charts Esignal..

To: kendall harmon who wrote (18111)	7/30/1999 2:41:00 PM
From: Susan Saline	Respond to of 43080

CHB sheesh ... what ya think? down 2 1/2 at 13 13/16 Friday July 30, 9:07 am Eastern Time Champion to take $0.41/shr Q3 charge AUBURN HILLS, Mich., July 30 (Reuters) - Manufactured home maker Champion Enterprises Inc. said Friday that it will take a one-time after-tax charge of $20.5 million, or $0.41 per diluted share, in the third quarter, related to the bankruptcy of one of its independent retailers. The company also said it was temporarily shutting down its Maxton, N.C., facility, due to the bankruptcy filing and declining wholesale demand in the Carolina region. Analysts estimated that Champion would report a profit of $0.60 per share, compared with $0.57 in the year-ago period, according to First Call. Company spokesman were not immediately available to provide further guidance on third quarter results. The charge is due to the chapter 11 bankruptcy petition filed by Ted Parker Home Sales Inc. Ted Parker has 42 retail locations primarily in North and South Carolina and is one of the nation's largest independent retail chains, the company said. General Electric Investment Corp. and Ardshiel Inc., a venture capital firm, acquired a majority interest in the retail chain late last year, Champion said. ''The nature of the Parker bankruptcy is unique in its size and effect,'' Joseph Stegmayer, executive vice president and chief strategic and financial officer, said in a news release. ''Over the last five years, the impact of defaults by independent retailers has not been material. While this is a painful setback, we believe it is a temporary one.'' Champion said it will open about 20 new retail locations to sell the inventory of Ted Parker homes. The homes are expected to be sold at a discount, the company said.