AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
The Grossman's potential
One analyst likes the dazed retailer
Analyst H. Lloyd Kanev at Smith Barney, Harris Upham & Co. is bullish on Grossman's stock (NASDAQ: GROS). The much-buffeted Braintree-based hardware and lumber retailer is, despite intense competition and recession, one of Kanev's top stock picks for 1991.
"They're surviving and surviving in a black position," he said.
Kanev predicts Grossman's will earn $0.20 a share for 1990 and $0.30 a share in 1991.
"I'm trying to suggest that there's going to be an uptick in their earnings and that they'll have the power to bring profits down to the bottom line," he said.
Kanev likes Grossman's new management team, led by Tom Schwartz, as well as a …