Sea Containers Rides A WaveBy
A funny thing happened to Sea Containers during the Persian Gulf hostilities: Earnings came under tremendous pressure as trade and travel slackened, but its stock kept going up. Earnings in the final quarter of 1990 fell to 25~ a share from 67~ a year ago, and 1991's first quarter is expected to be in the red. Yet Sea Containers' stock soared from 34 in December to 55 on Apr. 9.
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