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Non-Tech : ENR trading on AMEX. ( Envirotest) -- Ignore unavailable to you. Want to Upgrade?


To: High Grader who wrote (28)7/21/1998 10:09:00 AM
From: Ross Orr  Read Replies (1) | Respond to of 62
 
Hi everyone,

I found the press release yesterday on Yahoo regarding the 3rd quarter earnings. Very impressive numbers, so much so that I contacted the company to see if there was an extraordinary gain. John Fotos, the PR guy informed me that the earnings were from operations. I asked, with a back log of $950 million could one extrapolate that to mean $2/share over the next 4 quarters and he said that an analyst had picked them for $1.65 but his 3qtr call was for o ly .28 cents. I guess the only cause for concern would be $300 million in debt but keep in mind that they generated $20 million in cash flow in the quarter. Why didn't I see this company a year ago.

Nice company.

Ross Orr



To: High Grader who wrote (28)7/21/1998 3:46:00 PM
From: Batgirl  Read Replies (1) | Respond to of 62
 
You were dead right with your T/A HighGrader. My Hat goes of to you!
Looks like a good buying opportunity to me but what does your chart say now as far as correction level .



To: High Grader who wrote (28)7/21/1998 6:59:00 PM
From: Batgirl  Read Replies (1) | Respond to of 62
 
HG. There are 2 wave 4 levels now on your charts since july 10th so amore likely correction would just be to the last one around17.50 rather than the first wave 4 around 15. wouldnt it?. Im very confident of ENRs not so distant future above 22 so holding strong and looking to buy a little more if I get the opportunity. Green spans news today had allround down effect but market usually recovers pretty soon after one of his little speeches . Hope you got in at a good price Ross but we expect it all to be good... sooner or later. Good luck!