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BUFFALO STOCK SPOTLIGHT

Bush Industries Inc.
The Jamestown-based ready-to-assemble furniture maker warned this week that its third-quarter earnings would plunge to about 5 cents to 10 cents per share, compared with 28 cents per share a year ago. Analysts had been expecting 31 cents per share. Bush also said it expects its fourth-quarter earnings to fall to about 25 cents to 30 cents per share, down from 38 cents per share the year before. This comes on top of a previously reported 25 percent drop in second-quarter profits. The company blamed integration of a new Virginia factory and the launch of a new furniture delivery and assembly service.
Common stock data
Latest close .... $14.69
52-week range .... $30.63 - $14.44
Dividend .... 20
P/E ratio .... 9.5
Beta .... .50
Average daily volume .... 27,094
Financial data
Annual profit .... $22.1 million
Annual sales .... $325 million
Earnings per share
latest 12 months .... $1.54
Estimated EPS for 1998 .... 98
Key financial ratios
Profit margin .... 11.8%
Return on equity .... 22.5%
Debt to equity .... 88.2%
What a key exec says
"While these investments impact our earnings short-term, they position the company to take advantage of the fundamental, longer-term growth prospects for our business."
-- Paul S. Bush, chairman and president
SOURCE: Bloomberg News; Zacks Investment Research

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