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Byline: Nancy Gondo
Build-A-Bear Workshop ran up more than 80% from its Oct. 28, 2004, IPO price through its Jan. 26 high. It fell 11% the next session after forecasting first-quarter and 2005 earnings below Wall Street estimates. But the stock quickly found support below its 50-day moving average and is now 7% off its high. It's starting the fifth week of what may shape up as its first base.
The operator of stores that let shoppers customize stuffed animals grew profit at least 170% the past four quarters. Analysts expect a slowdown to 15% growth in the fourth quarter, when the firm reports March 10. Build-A-Bear will restate some ...