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To: Diogeron who wrote (1990)1/23/1999 5:38:00 AM
From: R Chen  Read Replies (1) | Respond to of 2346
 
To all,
ERICY also recieved negative press in IBD. article mentioned that
of IBD's A+,A, and A- rated funds 41 sold ERICY and only 12 bought.
Company warned 98 EPS would be 15-25% lower than expected.
Company does not expect to meet 99 growth goals. IBD cites
decerating profit growth for last three quarters of33%,11%, and
last of only 5% .Author sees above imfo as possible signs of trouble.
Good luck
R Chen



To: Diogeron who wrote (1990)1/23/1999 10:19:00 AM
From: robert emann  Read Replies (1) | Respond to of 2346
 
Dear Diogeron;
I have not seen the WSJ article yet but will try to see it at my nearby library. I bought some about 12-18 months ago in the mid $50 range with the intent of holding for a long time. Ever since then I noticed every analyst criticizes Novartis for slow single digit top line sales growth yet earnings continue to improve nicely and the market price is up about 80% plus there was a distribution not to long ago for the chemical business. Not a bad return. Not a trading stock , but good buy and hold type.
Regards
Bob