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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (14721)	5/18/1999 6:23:00 AM
From: hoffy	Respond to of 56537

I mentioned KELL yesterday for a CNBC play today. Their recent earnings below were great. ONly 8 million in the float with 1.5 million short. I think it was ready to move up significantly anyway, it just needed a push. Well CNBC will give it the push today. Could be a nice squeeze situation too. ================================ Kellstrom Industries Reports 172%, 143% and 62% Increase in First Quarter Revenues, Net Income and EPS EBITDA RISES 158% AS OPERATING INCOME GROWS 147% SUNRISE, FL--(BUSINESS WIRE)--April 27, 1999-- Kellstrom Industries, Inc. [NASDAQ: KELL] today announced record results for its first quarter ended March 31, 1999, continuing a long term trend of significant earnings growth. Kellstrom's revenues for the first quarter increased by 172% to $79,056,009 from $29,090,571 for the same quarter in 1998. Cash earnings, as reflected by EBITDA, grew by 158% to $23,177,180. Operating income increased by 147% to $15,679,361 from $6,352,073 in last year's first quarter. Net income also increased by 143% to $7,148,328, or $0.47 per diluted share from $2,941,610, or $0.29 per diluted share in the first quarter of 1998. Michael Wallace, Chief Financial Officer of Kellstrom Industries stated, ''Our 'Free Cash Flow', defined as 'Net income plus amortization of goodwill plus depreciation of property, plant and equipment' for the quarter was $8,349,728, compared to $3,534,833 in 1998, an increase of 136%. 'Free Cash Flow' represents the surplus cash available to the Company, without using external financing resources, to be used to finance growth and/or repay debt. Our gross, operating and net margins incorporate the consolidation of our Solair Division, which starting in January began improving its historically lower margins. Solair's performance on a stand-alone basis was actually ahead of budget, which resulted in better than expected overall Company earnings.''

To: LTK007 who wrote (14721)	5/18/1999 8:43:00 AM
From: Tony B	Read Replies (2) \| Respond to of 56537

OT - well, I don't know what's with TJ, but I was sick as a dog yesterday. Even sleeping all day and night didn't really help. Feeling a bit better today, but looking forward to another day of nappy-time. G Looked like some easy money out there yesterday, if someone expected the late day rally, but I sure didn't. I think I woke up to see the bottom (or around there) and thought about putting in some orders, but expected it just to get worse yesterday and into today. Missed that op. Drat. I guess this week really depends on what the fed says if anything. A little too risky to play anything before then. Still holding a small amount of ITNC (at 58) in my IRA. So I'll at least make a couple bucks if the market takes off. And have lots (by my standards [not CD's g]) of cash in case we tank. I'm hoping for a tanking. smirk Good luck everyone. snooze llater, Tony B