Sports-Tech"The sports industry is a $63 billion market...

STOCK WATCH

April 17, 1991|By Opinions on stocks offered by investment experts. Compiled by Steve Halpen for Knight Ridder.

Sports-Tech

"The sports industry is a $63 billion market, which is growing approximately 15 percent a year. Sports-Tech (STXL, OTC, around $3) is engaged in the development and sale of advanced computer-aided video systems used by sports programs at the professional, collegiate and high school levels, says The Kon-Lin Letter of Rocky Point, N.Y.

"For fiscal year 1990, revenues increased 35 percent to $5 million, with net income vaulting 179 percent. . .

"We continue to recommend purchase of this stock."

Carnival Cruise

"We are raising our earnings estimates for Carnival (CCL, NYSE, around $21), says Caroline Levy of Shearson Levy.

For 1991, we expect profits of $1.60 per share, up 10 cents from previous estimates. For 1992, we look for earnings of $2 a share, representing a 25 percent year-over-year gain. Over the long-term, we believe the company can grow at a 15 percent annual rate. Meanwhile, we have upgraded our investment rating on the stock to our highest long-term buy recommendation."

Cordis

"Cordis (CORD, OTC, around $34) is our latest buy recommendation for investors seeking a combination of high risk with high reward potential," says The Plain Talk Investor of Northbrook, Ill. "The company is a major manufacturer of angiography products, which are used for heart-disease treatment and diagnosis.

"The company earned 75 cents per share in fiscal 1990. We believe earnings of $1.40 a share are possible for the current year. Earnings could be over $2 per share in fiscal 1992. The stock is a buy for risk-takers only."

Spec's Music

"Spec's Music (SPEK, OTC, around $4) reported earnings and revenues for the second quarter ended January that were above our expectations," says Sharon Sternberger of Ladenburg, Thalmann & Co.

"Net income rose 12 percent on a 25 percent increase in salesEarnings per share rose 15 percent.

". . .We feel more confident that Spec's can achieve the higher end of our 1991 earnings per share range of 35 cents to 38 cents, with sales approaching $58 million. The stock is rated a buy."

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