Bells Are Ringing At CellstarBy
If cellular phones seem ubiquitous these days, part of the credit goes to CellStar, one of the nation's large wholesalers and retailers of mobile phones. The company, which posted record sales and earnings for the year ended Nov. 30, 1993, is in the midst of expanding operations to Latin America and Asia. "CellStar should generate sales and bottom-line annual growth of more than 30% over the next two to three years," says Bruce Roberts, an analyst at Ladenburg Thalmann, which took the company public with Raymond James & Associates, at 11 1/2 a share in early December. The stock has climbed to 18.
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