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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Jordan who wrote (4986)3/14/1998 6:09:00 PM
From: Mike Farrar  Read Replies (1) | Respond to of 18691
 
Rexall Sundown (RXSD)

This stock is going to announce earnings after the bell
Monday. The 52 week range is $9.44-$38.88 and is
currently trading at $36.75. The stock has a float of 32
million and a short interest of 8.6 million. It has not missed
an earnings estimate in 5 quarters and has posted
27,45,53,and 82% revenue increases respectively.
On the downside it is priced at 8.28x sales, 11.92x book,
and has a PE of 62. One earnings miss or downgrade
could send this stock down 10 in one day. One good
upgrade to strong buy could send it up huge in one day.
with such large short interest ( approx. 30%). It is
going to move big one way or another. Opinions
appreciated.

Jeff