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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (22827)	1/23/1999 2:27:00 PM
From: Jenna	Read Replies (3) \| Respond to of 120523

SALT.. from latest Market Gems newsletter a company that I liked and thought would do well based on past performance and my desire to see who was behind some of those late night infomercials I have the privilege to watch since I'm up at that time. SALT has done very well since it was in the newsletter and for the entire fiscal year. In fact it is a large feature in the Monday January 25, Edition of Investor's Business Daily on The New America Page. I thought it was an innovative concept. Salton/Maxim Housewares sells about 21,000 small appliances and products, with market licenses form Gino's East Pizza, pro wreslter Hulk Hogan, Taco Bell, Warner Bros, and the estates of Andy Warhol, Marilyn Monroe and James Dean. Salton's most valueable asset is its ability to innovate and market products. Salton outsources its manufacturing; it considers itself a sales and marketing company. Market deals with big-name clients push retail sales higher because of name recognition. They are the guys behind the infomercials and one of their products is Forman's Lean Mean Fat Reducing Machine. Salton earned $1.01 a share in the fiscal first quarter ended Sept. 26, up 226% from a year earlier. Sales climbed 59% to $104.3 million. After tax margins jumped to 10.3% frorm 4.9% in the previous quarter. The company trades as SALT near 25. Watching the picks coming out in IBD is good feedback since their researchers for that page probably have similar scans and criteria and we are not talking about obvious companies like LU or HWP but relatively underfollowed companies, especially for us short term traders, that would otherwise never be found.