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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Susan Saline who wrote (19587)3/14/1999 10:06:00 PM
From: Larry S.  Respond to of 53068
 
A chart only susie could love: 207.95.154.130
SFSK (safeskin) drop appears to be an excessive overreaction, and probably a buying opportunity. The company is still expected to report earnings of 25 cents for the quarter, which, if sustainable, would equal $1 for 12 months, and would give this historical fast grower a pe of 9. I traded SFSK on friday for a nice gain, am holding small piece. Safeskin makes latex gloves, and apparently has an nventory problem. This was all broadcast in a Barrons article several months ago, and thursdays announcement and fridays blow-off may well be the end of the news scenario eminating from that barrons article. SFSK will not bounce right back, but they are a major distributor of latex gloves, and with the demand for that product in the medical field, this will probably be a temporary disruption. do your own dd. Larry