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
Updated June 13, 1997 by bwwebmaster
Copyright 1996, Bloomberg L.P.