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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Freedom Fighter who wrote (5375)12/3/1998 6:22:00 PM
From: MCsweet  Read Replies (1) | Respond to of 78666
 
Michael Anthony's Jewelers (MAJ)

I know I mentioned this one before, but they just had
a solid earnings report (0.17 vs 0.13 a year ago).

Positives:

selling way below book value, low PS, insider buying, good
price momentum, easy earning comparison for next quarter (???
vs. -0.25 a year ago => EPS estimate of 0.20 for this year
seems conservative).

Negatives (?):

stock price near penny stock range ($3), very little analyst
coverage, company says year-end results highly dependent on
upcoming quarter

Note also MAJ is somewhat hedged vs. price of gold, since it
borrows much of its gold, leaving the risk of price fluctuation
to its lenders.

MC