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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: BK who wrote (17130)10/27/1999 9:31:00 AM
From: RCJIII  Read Replies (1) | Respond to of 29382
 
CHS, beat earnings estimates of .15 from Black & Co by a penny. Conference call in about 30 minutes.

RCJIII



To: BK who wrote (17130)10/27/1999 6:10:00 PM
From: Sergio H  Respond to of 29382
 
Bruce, CHS earnings report was better than expected. It shows that the new line is being well received. Clearstation chart shows a crossover coming tomorrow:

clearstation.com

An excerpt from the Black report:

< We rate the company a STRONG BUY and believe it is doubly undervalued. Apparel stocks in general have been undervalued, although performance has been strong, and we expect this trend to continue. In addition, the company is valued at roughly 6 times earnings and deserves a multiple of 15 times this year's earnings. Along with our intermediate-term price target of $8, we initiate estimates for the fiscal year ending June 2000 of $.52 and for the fiscal year ending June 2001 $.67. >