Investing For Growth - Thursday, October 17, 1996

Investing For Growth

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Thursday, October 17, 1996

The Daily IFG Report

(FOOL GLOBAL WIRE)
by Robert Sheard (MF DowMan)
LEXINGTON, KY. (October 17): For the second day in a row, technology stocks went South, even as the rest of the market added record highs. And along with the Nasdaq, IFG was slammed about as ADC TELECOM, 3COM, SCI SYSTEMS, and TELLABS all got thrashed in the general technology carnage.

Adding to the general bad mood was MIRAGE RESORTS' disappointing earnings report. Earnings were 25 cents per share, missing First Call consensus estimates of 28 cents. Revenue was essentially flat compared to last year.

Its Treasure Island and Golden Nugget properties did quite well for the period, but those results were dragged under by poor casino revenue at the flagship Las Vegas resort and the Laughlin, Nevada location.

One bright spot for IFG today was COCA-COLA'S announcement that it intends to buy back another 10% of its common stock over the next decade. Given Warren Buffett's close ties to Coke, this should come as no surprise. Buffett has long held that often the best use of excess cash is not a silly acquisition, but simply to return it to shareholders in the form of a dividend or stock repurchase.

Nevertheless, it's not the kind of day to celebrate. On a day when the Dow gains 38 points, the Nasdaq dropped the equivalent of 45 Dow points. Anyone read their Dickens lately? Yes, that's the one -- A Tale of Two Cities.

Transmitted: 10/17/96

The Current IFG Stocks

Nautica Enterprises
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:NAUT)") else Response.Write("(NASDAQ:NAUT)") end if %>
Green Tree Financial
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GNT)") else Response.Write("(NYSE:GNT)") end if %>
Nike
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:NKE)") else Response.Write("(NYSE:NKE)") end if %>
Coca-Cola
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:KO)") else Response.Write("(NYSE:KO)") end if %>
ADC Telecom
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ADCT)") else Response.Write("(NASDAQ:ADCT)") end if %>
Tellabs
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:TLAB)") else Response.Write("(NASDAQ:TLAB)") end if %>
Three Com
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:COMS)") else Response.Write("(NASDAQ:COMS)") end if %>
SCI Systems
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:SCIS)") else Response.Write("(NASDAQ:SCIS)") end if %>
Mirage Resorts
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MIR)") else Response.Write("(NYSE:MIR)") end if %>
Claire's Stores
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CLE)") else Response.Write("(NYSE:CLE)") end if %>
Last Update: 10/15/96

Today's IFG Numbers

INVESTING FOR GROWTH MODEL (10/17/96) Day Week Quarter Year History IFG -1.15% -2.31% 0.84% 12.11% 4461.15% DJIA 0.64% 1.50% 3.01% 18.41% 631.05% S&P 500 0.37% 0.90% 2.86% 14.78% 563.72% NASDAQ -0.72% -0.51% 1.23% 18.04% 739.05% Bought # Stock In At Now Change 7/8/95 3866 TLAB 48.00 78.00 62.50% 7/5/96 5077 SCIS 39.88 57.63 44.51% 7/5/96 4562 COMS 44.38 62.88 41.69% 10/4/96 6063 NAUT 33.00 36.50 10.61% 7/5/96 8756 MIR 23.13 23.38 1.08% 10/4/96 4001 KO 50.00 49.25 -1.50% 10/4/96 4879 GNT 41.00 40.13 -2.13% 10/4/96 1609 NKE 124.25 121.50 -2.21% 10/4/96 3125 ADCT 64.00 62.25 -2.73% 10/4/96 9642 CLE 20.75 19.75 -4.82% Bought # Stock Cost Value Change 7/8/95 3866 TLAB $185,568.00 $301,548.00 $115,980.00 7/5/96 5077 SCIS $202,445.38 $292,562.13 $90,116.75 7/5/96 4562 COMS $202,438.75 $286,835.75 $84,397.00 10/4/96 6063 NAUT $200,079.00 $221,299.50 $21,220.50 7/5/96 8756 MIR $202,482.50 $204,671.50 $2,189.00 10/4/96 4001 KO $200,050.00 $197,049.25 $(3,000.75) 10/4/96 4879 GNT $200,039.00 $195,769.88 $(4,269.13) 10/4/96 1609 NKE $199,918.25 $195,493.50 $(4,424.75) 10/4/96 3125 ADCT $200,000.00 $194,531.25 $(5,468.75) 10/4/96 9642 CLE $200,071.50 $190,429.50 $(9,642.00) CASH $382.81 TOTAL $2,280,573.06 Transmitted: 10/17/96

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