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Non-Tech : LABOR READY (LWR) THE NEXT MANPOWER. -- Ignore unavailable to you. Want to Upgrade?

To: Cosmo Daisey who wrote (310)	9/4/1998 1:26:00 AM
From: T2	Read Replies (1) \| Respond to of 455

Cosmo- I must be missing the part in SEC filings that say the October quarter will be slow... What I am reading says their strongest demand is in the summer and early fall months, falling off in late fall and winter. Revenues for August were a record $60.3 MM. I expect even better numbers in September, with maybe a slight fall-off at the end of October, but the quarter still ending with record numbers. Revenues are currently running about 10% or so above analyst expectations, setting the stage for a significant beating of street estimates for earnings. I do agree with you, that LBOR got way ahead of itself when it was trading at $40, and fundamentally it had to come down a bit. But right now it is not trading on fundamentals. A company that is growing earnings 50%+++ per year and revenues at 80% per year trading at only 16X next years earnings? That's not fundamental trading. That's cheap, and only reflects uncertainties people have due to rumors. It does not take much selling to drive the price of this stock down, just as it will not take much buying to drive the stock back up when all is ironed out. T2

To: Cosmo Daisey who wrote (310)	9/4/1998 10:52:00 PM
From: Mike M	Read Replies (1) \| Respond to of 455

<<Curious statement, their SEC filings indicate the Oct quarter isn't expected to be as strong.>> I think you are being a little obtuse, Coz, T2 was obviously referring to the current quarter, reported in October....furthermore, the "October quarter" only has to compare with last year's Oct quarter...and I suspect it will acquit itself well... <<Market mood? The price was in a decline based on fundamentals before the general market meltdown.>> Why do you have such a problem with the facts?...The S&P 500 began its decline on or about July 20...LBOR traded within a fraction of 40 on the 20th of July...the drop for the S&P and LBOR almost mirror each other (albeit not proportionally) until the day someone else with a problem w/ the truth decided to start a rumor....By that time this market was in a decided downtrend and enough stocks had already been taken out and shot that quick triggered managers weren't about to wait around to find out how true the rumor was...I suspect a lot of stop losses were triggered as well....Then of course Cabot sold out several days later...(OH, and what "fundamentals" was LBOR supposedly declining on?) << The jump following the decline was artificial because bargain hunters didn't research the company they just looked at it as a stock that was down because of the overall market.>> Sure they did...all 3M shares...That, and the fact that those fantastic August numbers came out that day...Did you poll these "bargain hunters?" Gives a guy plenty of confidence that shorts have no more depth of understanding than you do..... Mike