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Non-Tech : SFP -- Salton Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Bruce A. Brotnov who wrote (106)1/26/2000 12:20:00 PM
From: WILLIAM C KLEMA  Respond to of 173
 
They should be getting nervous! I just bought a few hundred shares the last week at $33.

PaineWebber Raised 2nd Q est. to $2.70/share from $2.35/ share. Raised price target to $65 from $55 a share.

Raised fiscal 2000 estimates to $5.25/share from $4.86/ share and raised 2001 estimates to $6/share from $5.49/ share. Fiscal year ends in June.

"George Foreman grill sales continue to sizzle: The George Foreman "Lean Mean Fat-Reducing Grilling Machine" continues to be the hottest small appliance on the market," analyst James Groll wrote in a research note.

"Sales could top $400 in fiscal 2000, up from $200 million in fiscal 1999.

"Third quarter results are showing signs of a strong start with the George Foreman line, Toastmaster's toaster oven and the Melitta brand coffee preparation products performing well.

This came across Reuters monday. Good luck to all.



To: Bruce A. Brotnov who wrote (106)1/26/2000 1:44:00 PM
From: James Wright  Read Replies (1) | Respond to of 173
 
Bruce --

It sure looks like a short squeeze to me. I think you and I are old timers with SFP. If I recall, we both got in around 12 or so.

My current target price, long term (a year or so) is 100. Based on projected earnings and the accelerated earnings growth that will be reflected in the next quarterly report, I think 100 is reasonable.

-- Jim