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

To: oexwa who wrote (6532)	4/8/1998 9:42:00 AM
From: Oeconomicus	Read Replies (1) \| Respond to of 18691

Thanks, Bob. Re EGRP, your skimming of the release picked up the spin. They seem to have forgotten that, last Q, the focus was on the "proforma" earnings. This Q, they compared eps to the "reported" 12 cents, not the more meaningful (in this case, because the charges were truly "non-recurring") 16 cent proforma number. Revenues are barely growing even though they grew accounts by 178% in the last six months and normalized earnings fell. That's bullish, right? Bob PS: Down so far today.