A Hollywood Happy Ending?By
When analyst Margo Vignola cut her 1993 earnings estimate for Hollywood Casino, many big investors bailed out of the stock. After all, she's with Salomon Brothers, the lead underwriter for the stock's torrid initial public offering on May 27 at 16 a share. The stock zoomed to 32 in just a week before burning out: It fell to 17 by early August. Then Vignola's downscaling in mid-October kicked the stock to 12.
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