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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (3307)	2/24/1998 1:08:00 PM
From: Honest Abe	Respond to of 78497

Great response Porc... For those interested in Eltron (ELTN), here is why it came down so hard: Back again - I got this off of Bloomberg - Here is all the 4th quarter info: 4th Quarter 1997 NI .28 4th Quarter 1996 NI .30 Estimate NI .47 Revenues 4th quarter 1997 $28.7m Revenues 4th quarter 1996 $22.7m Increase in Revenues 4th Quarter +26% Decrease in EPS -7% EPS Amount below estimates -40% Skinner said, "Net income in the 1997 fourth quarter was affected by start-up costs associated with an evolving UPS product mix and accompanying changes in gross margins, as well as certain non-recurring expenses and a change in the effective tax rate for the year." I guess the gross margins are the primary concern looking forward. I have no idea what the situation is for that looking forward.