Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : MAYTAG (MYG) EYES STRONG THIRD QUARTER -- Ignore unavailable to you. Want to Upgrade?

To: Walter in HK who wrote (76)	10/18/1999 11:41:00 PM
From: Chris Helton	Respond to of 86

Maytag surprised the street with $.92/sh in the third qtr. After indicating that results might be as low as $.84 vs an expected $.99/sh, the stock plummeted to a low of $31/sh (from a high of $75/sh). It is now climbing back as investor's realize that in the third qtr MYG charged $.10/sh of inventory drawdown which was modestly offset by $.05/sh of lower priced stock option grants which benefited earnings. All in all, MYG's results were much better than feared and the stock should rebound to the mid 40s before the dust settles.