Stitching Hirsch Together Again

Feb. 20, 1998, is a day Hirsch International (HRSH) stockholders will find hard to forget: Shares fell from 21 5/8 to 11 1/4--a 48% drop. This distributor of computerized embroidery machinery had warned that fiscal-fourth-quarter earnings would come in below expectations. The stock, highlighted in this column at 18 in May last year, rose to 26 in August, 1997. Since the February collapse, however, it has slipped below 9, though it now trades at 10 1/4. Any hope for a snapback?

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