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Non-Tech : Gulfstream Aerospace GAC -- Ignore unavailable to you. Want to Upgrade?

To: Carmine Cammarosano who wrote (137)	4/16/1998 2:58:00 PM
From: Creighton C. Smith	Read Replies (1) \| Respond to of 197

I think what we may be seeing today is a combination of a generally down day on the street coupled with selling by some short-sighted folk who are concerned over revenues, net income and EPS being down sequentially from last quarter. Bid deal, they delivered one fewer aircraft. I can live with that, particularly since I'm willing to bet that that missing 14th delivery will show up as an 'extra' in the 2nd quarter. I think any perceived shortfall is more than offset by the continuation of gross margin improvement and the orders for 25 new aircraft, 12 of which haven't been backlogged yet. Still, it is a little depressing to see GAC continue to be undervalued by the street, even after beating the analysts estimates. Regards, ccsmith