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Non-Tech : BMC Industries -- Ignore unavailable to you. Want to Upgrade?

To: RoadWarrior who wrote (293)	2/11/1998 10:41:00 AM
From: RoadWarrior	Read Replies (1) \| Respond to of 359

To All: Converage Initiated!! Go BMC!!! --------------------------------------------------------------------- Wednesday February 11, 10:11 am Eastern Time Company Press Release SOURCE: Robert M. Cohen & Company Robert M. Cohen & Co. Initiates Coverage of BMC Industries; Analyst Sets Speculative Buy Rating and $28 Price Target GREAT NECK, N.Y., Feb. 11 /PRNewswire/ -- Robert M. Cohen & Company analyst Keith R. Bossey initiated coverage of BMC Industries, Inc. (NYSE: BMC - news) with a speculative buy rating and set a 12-month price target of $28 per share. BMC, a producer of aperture masks for televisions and computer monitors, announced an earnings shortfall in Q4 1997 sparking a one-day 40% decrease in market capitalization, according to Bossey. ''This creates a clear undervaluation when weighed against a prior period of 26 quarters of growth in operating profits and resumption of at least 20% growth later this year,'' he noted. Bossey added that this is a classic overreaction to a miscommunicated earnings report. ''Although we expect the next two quarters to be down on a year-over-year basis, the second half of fiscal 1998 should see a resumption of the company's growth,'' Bossey said. For more information, contact Keith R. Bossey of Robert M. Cohen & Company at 516-829-7910. SOURCE: Robert M. Cohen & Company ---------------------------------------------------------------------- Hope you like the news, I do! -RoadWarrior