post. Now that I am at the office and am working off my laptop computer which has adobe capability...I was able to finally retreave the "ELBO" update...which turns out not to be an ELBO update at all...but rather a update on some other investment. In my excitement about seeing the headline (and never dreaming that Smith Barney would make this kind of foolhearty mistake) I was premature in bringing mis-information to this board and I apologize. I also have a call in to Maureen Mcgraff (212)816-3808 to complain about this Smith Barney mistake. RBL
The investment seminar I plan on attending is on May 19th. Call Diane Schultz to try to reserve a seat, as attendance is extremely limited. Her phone number is 847-405-7389. I am a big fan of Mr. Esposito, as he made me some serious cash. He knows value, usually undiscovered, it should be worth the trip.
I agree with you by the way that SSB has always been behind in their analysis of ELBO. To have a strong buy on a stock and not update your projections is ludicrous! Hopefully, Mullins' involvement should help. Either way, I feel we have a good stock here.
more importantly, please let me know which conference / seminar by Prudential you are planning to attend as I too live near Chicago. Also, if you have details as to whether I could attend and what I need to do to make arrangements, it would be appreciated. Thanks in advance!
Barney hasn't increased their target from $ 18. In fact, I do believe that may be one of the reasons that ELBO hits a wall at the $ 18 area. After all, if you were a client or even one of their brokers and are watching your clients or your own investment dollars and along comes ELBO galloping from the low 12's or where ever it came from on this trip and gets up to touching or very close to $ 18, and you contact your own inhouse analyst and ask "what should I do?" The answer is already provided in the "target" within their report. This is stupid unless they really believe that $ 18 is the target and they intend to stick by their guns.
What doesn't make sense is their estimate, not for this year, which I believe is $ $ 1.20, but next year which is $ 1.58 and they still leave it as a target of $ 18. This is so frustrating I want to scream. And since they were a major part of the IPO, we will have them and their clients in our face until something dramatic happens for ELBO or they change their target.
On another note, I too have one of my accounts at Smith Barney at one of their offices back east, and I questioned my broker today on the "8 page" report you allude to. My broker has no such record in his computer on this whatsoever. Can you once again, post the correct URL, even if it's Adobe Acrobat as I can retrieve from Adobe. I have a feeling one of us is wrong and I hope it's my broker, but I strongly suspect it's on your end. After, think about this. If Smith Barney put out an update on one day, why would they issue an 8 pager within one more day? It doesn't make sense as much as I'd like it to be.
dated April 22, 1999 co-authored by Maureen Mcgrath and L. Keith Mullins of Solomon Smith Barney. The headline reads Fiscal 4Q99 EPS above expectations; sales and earnings trends remain strong. I feel somewhat vindicated because this is the report I was referring to in my post two post ago. Evidently, Smith Barney just mis-tagged the other report with "ELBO" and so when you tried to download this report you came up with the other non-ELBO report. Anyone that does not yet have a copy of this report should call their broker and have a copy sent out by fax. The report is extremely positive and favorable and I believe has contributed to the rise in the stock price over the last several trading sessions. The report also states, "We are raising our fiscal 2000 EPS estimate slightly to $1.20 from $1.19. It also mentions, "Fiscal 4Q99 same-store sales increased a surprisingly strong 14.6% vs 8.4% gain in fiscal 4Q98. Full-year comps increased 14.1%." If you want to E-mail Maureen McGrath for a copy of the report, her E-mail address is maureen,firstname.lastname@example.org (not sure if it's a comma or period between maureen and mcgrath) Good luck ELBO longs, RBL
rbl, thanks for the blurb from ssb. imo the key to the report is the coauthoring of the report is by keith mullins. keith mullins shows up on cnbc as a small cap 'expert'. his name gives weight to the report. ssb clients see his name and see elbo with a pe of 13 and a growth rate of 20-30%. mcgrath on her own never moved the stock. it would be great if mullins mentioned elbo on cnbc. that would really move the stock! thanks again. good luck to all elbo longs.