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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (1964)	5/7/1998 11:03:00 AM
From: wmwmw	Respond to of 25711

L.A. T Sportswear, Inc. Reports First Quarter Net Income PR Newswire - May 07, 1998 09:20 BALL GROUND, Ga., May 7 /PRNewswire/ -- L.A. T Sportswear, Inc. (OTC Bulletin Board: LATS) today reported net income of $203,000, or $0.05 per share, for the quarter ended April 4, 1998 as compared to a net loss of ($666,000), or ($0.16) per share for the first quarter of 1997. Sales for the first quarter of 1998 amounted to $17.7 million compared to $16.2 million in the first quarter of 1997. The net income for the first quarter was attributable, in large part, to the increase in sales and to operational streamlining. In addition, interest expense decreased approximately 31.9%, to $293,000, in the first quarter of 1998 from $430,000 in the first quarter of 1997 due to better working capital management. The increase in sales was partly due to the fact that the first quarter of 1998 consisted of fourteen weeks compared to thirteen weeks in the first quarter of 1997. Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions, competition and other uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings. L.A. T Sportswear. Inc. is a major manufacturer and national distributor of imprintable and decorable sportswear. L.A. T SPORTSWEAR, INC. STATEMENTS OF OPERATIONS (UNAUDITED) (In thousands, except per share data) Quarter Ended April 4, March 29, 1998 1997 NET SALES $17,666 $16,211 COST OF GOODS SOLD 14,572 13,420 Gross Profit 3,094 2,791 OPERATING EXPENSES 2,598 3,027 OPERATING INCOME (LOSS) 496 (236) INTEREST EXPENSE 293 430 INCOME (LOSS) BEFORE INCOME TAXES 203 (666) INCOME TAX PROVISION (BENEFIT) --- --- NET INCOME (LOSS) $ 203 $ (666) BASIC AND DILUTED NET INCOME (LOSS) PER SHARE $ 0.05 $ (0.16) WEIGHTED AVERAGE SHARES OUTSTANDING 4,200 4,200

To: Joe Copia who wrote (1964)	5/7/1998 11:10:00 AM
From: Mykldee	Read Replies (1) \| Respond to of 25711

ACMM, Joe just ran some TA on the historicals on this one. Volume for today is already over twice the daily for the last week! History on this one shows volume proceeds price. Michael D

To: Joe Copia who wrote (1964)	5/7/1998 11:15:00 AM
From: buckman	Respond to of 25711

Pulled the following from the Yahoo board (Short term trading). Maybe for real maybe not. HSmith26 (26/M/Atlanta, GA) May 6 1998 9:35PM EDT Just had a word with the CFO a few hours ago. Something big is brewing...He would not elaborate, but I've known this guy for about a year now and whenever WAXS had a big day, I knew it was it coming because he usually lets me know. Whenever WAXS jumped 21/2 last week, I knew it because he said that there was big news coming out the following day. It's good to have friends in high places isn't it. Just wanted to let everyone here know so that you guys coud reap the benefits also. Don't say I told you so tommorrow about 4!!