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These Highfliers May Be Destined for a Fall
YEAR-TO-
STOCK PRICE* DATE
GAIN
ALZA CORP.: Skeptics predict that this drug manufac- 26 /8 8%
turer will see declining sales from its chief product.
BOSTON CHICKEN: Persistent reports of losses by some 35 7/8 12
franchise operators have encouraged short-sellers.
CENTENNIAL TECHNOLOGIES: This company makes 43 1/2 361
cards used in PCs--a business that some investors
feel has been overvalued by the market.
CHESAPEAKE ENERGY: An oil-drilling company viewed 52 1/4 136
by some investors as dramatically overvalued.
EMPLOYEE SOLUTIONS: A growing army of short-sellers 20 1/8 137
maintain the earnings of this staff-leasing company
are destined to fall.
MASTEC: This cable-television-services company has 45 1/4 242
seen its market value skyrocket--and shorts are
betting on a collapse.
QUIGLEY: This former penny stock has climbed out of 16 1/4 1061
the cellar. But detractors say the market has over-
estimated its prospects.
REXALL SUNDOWN: Also a health-products company, 25 1/2 74
Rexall has seen its revenues climb--but skeptics say it
is overvalued.
ULTRAFEM: Makes a women's hygiene product. Skeptics 17 5/8 176**
feel the market has gone hog-wild over very little.
ZITEL: Widely hyped on the Internet and elsewhere 30 388
because of its ''Year 2000'' product, this company
has seen its stock quintuple.
*As of Dec. 16, 1996
**Price gain since initial public offering, Feb. 22, 1996
DATA: BUSINESS WEEK, BLOOMBERG FINANCIAL MARKETS
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Updated June 13, 1997 by bwwebmaster
Copyright 1996, by The McGraw-Hill Companies Inc. All rights reserved.
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