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To: Maverick who wrote (695)5/9/1998 7:58:00 PM
From: Paul Kelly  Respond to of 970
 
Yes, Maverick, I noticed that and found that big a cut curious. Perhaps Stifel felt their earlier estimate was just too wildly optimistic given the company's guidance and the fact that the consensus figure for fiscal 1999 has been 1.57. I haven't read Stifels 4/30/98 report but I see that they are maintaining the long term buy recommendation they have had for some time. Zacks own rating(as of today) is 4 i.e.Moderate Sell over the next three months and it too is unchanged from their previous one. Pauli & Co. is still a Buy.
If the 1.57 consensus holds that is still a fine increase over the fiscal 1998 consensus of 1.02 and still bodes well given the trailing P/E of 39.3.
Does anyone know the details behind the Stifel earnings estimate change? Good investing,

PK