To: randy kay who wrote (3095 ) 12/1/1997 9:09:00 PM From: LzzrdKing Respond to of 7396
RTC getting excellent PR IBD tomorrow: Amex-listed RIVIERA TOOL, a maker of metal-stamping dies, gained 1 5/16 to a new high of 11 on eight times its usual trade. On Monday, L.H. Friend, Weinress, Frankson & Presson raised the stock to a ''strong buy'' from ''buy.'' On Friday, it reported third-quarter earnings of 24 cents a share, a 300% gain over a year ago. Riviera Tool has an EPS of 99 and an RS of 95. ''With approximately $16 million in equity capital and bank lines of over $17 million, Riviera has the financial capacity to grow its revenues to $50 million,'' L.H. Friend analyst Steven Kornfield said. He noted Riviera is spending $7 million to double its production capacity. Fool evening news: Riviera Tool Co. (AMEX: RTC) surged $1 5/16 to $11 after a regional brokerage firm upgraded the tool & die maker's shares to "strong buy" from "buy" based on balance sheet strength and improved earnings... RTC getting excellent PR IBD tomorrow: Amex-listed RIVIERA TOOL, a maker of metal-stamping dies, gained 1 5/16 to a new high of 11 on eight times its usual trade. On Monday, L.H. Friend, Weinress, Frankson & Presson raised the stock to a ''strong buy'' from ''buy.'' On Friday, it reported third-quarter earnings of 24 cents a share, a 300% gain over a year ago. Riviera Tool has an EPS of 99 and an RS of 95. ''With approximately $16 million in equity capital and bank lines of over $17 million, Riviera has the financial capacity to grow its revenues to $50 million,'' L.H. Friend analyst Steven Kornfield said. He noted Riviera is spending $7 million to double its production capacity. Fool evening news: Riviera Tool Co. (AMEX: RTC) surged $1 5/16 to $11 after a regional brokerage firm upgraded the tool & die maker's shares to "strong buy" from "buy" based on balance sheet strength and improved earnings...