To: Jenna who wrote (26590 ) 3/9/1999 2:18:00 PM From: Jenna Respond to of 120523
Closed positions: NITE,NTBK,BRCM,SFDS.. hope you are safely out of CMGI.. still holding GNET but might sell a portion. <<ALERT>>Stock #3, march 11 calendar entered at 60 was as high as 64 1/4 is now trading at 62 5/8.. still holding but put in a stop loss at 62 to save at least 2 points of profit. The breakout of resistance at 60 was called on the thread (this I remember 'cause I'm long this stock for months now and have just received a nice cd in the mail from the company with the annual report)... and after all it is an Israeli company.. <<ALERT>>Stock #1 on March 8th calendar reported in line with expectations and is now trading at day high as the rest of the market is pulling back.. I am not in this yet but I think it deserves a look it's been consolidating for a very long time and its undervalued and its earnings growth should increase its stock price. #1 announced record earnings for the fourth quarter and year ended January 3, 1999. Revenues for 1998 were $379.4 million compared to $350.3 million in 1997. Fiscal year 1998 consisted of 52 weeks compared to 53 weeks in fiscal year 1997. Net income in 1998 increased to $33.7 million from $25.5 million in 1997. Earnings per share on a diluted basis in 1998 increased to $1.80 per share from $1.34 per share in 1997. Revenues for the fourth quarter of 1998, which consisted of 13 weeks, were $87.4 million compared to $89.0 million in the fourth quarter of 1997, which consisted of 14 weeks. Net income for the fourth quarter of 1998 increased to $6.0 million from $5.6 million in the fourth quarter of 1997. Earnings per share on a diluted basis for the fourth quarter of 1998 increased to $.33 per share from $.30 per share in the fourth quarter of 1997. ..Chairman and Chief Executive Officer said that, "We had an excellent 1998 resulting in record earnings in each quarter. Earnings per share increased 34% due primarily to strong sales growth in existing stores, the addition of 22 stores and improved operating margins. This strong financial performance permitted the Company to internally fund capital expenditures of approximately $67 million. During 1998, the Company also repurchased approximately $11 million of its common stock. We are pleased with the success of our product in the marketplace and remain committed to executing our strategic initiatives including the evolution of our concept and new store development."