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Stocks R / R.G. Barry Corp.


Subject:  Re: Turnaround? Date:  12/14/1997  8:23 PM
Author:  tis Number:  5 of 9

Again, FWIW, RGB's press agent sent me the CEO's recent interview profile in THE WALL STREET TRANSCRIPT. If you don't have a copy, ask the company to send you one. - the interview was excellent.
One last bit:
If RGB merely has the same (assume NO growth) net income, cash flow, and capital expenditures as last year for the next 3 years, they will generate about $30m in income.
Figure a 114m cap with 10m in excess cash above liabilities (assume inventory, plants, etc. are worth nothing), for a net 104m cap.
In 3 years, the thumbnail sketch gives you a 74m company generating 10m in income. In 5 years, 54m generating 10m in income.
All this if growth merely stays flat.
What could go wrong? People don't buy slippers.
I guess....

Again, merely an opinion.
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