Something Set To Click At Polaroid?By
Shares of Polaroid (PRD) have been going the wrong way in this bull market: From a 52-week high of 47 7/16 on Feb. 23, 1998, the stock tumbled to 19 on Feb. 19, 1999. Stagnant top-line growth plus an unexpected operating loss in the fourth quarter of 1998 prompted several analysts to cut their 1999 earnings estimates. With the stock so low, speculation about a merger has swirled.
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