Fewer Negatives With This Camera?By
Investor Jack Silver had wild forecasts for Concord Camera (LENS) two years ago: He predicted that fiscal 1995 earnings would boil up to 70 cents a share, en sales of $100 million, and that the stock, then at 6, would double in a year. Today, the stock is at 4, and Concord posted a 1994 loss of 9 cents on sales of $54.8 million. Fiscal 1995 was its third year of red ink. So has Silver bailed out? Not quite. He has upped his stake from 5% to 7.6%.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.