| BUSINESSWEEK ONLINE : FEBRUARY 22, 1999 ISSUE | ||||||||
| ||||||||
 | ||||||||
| INSIDE WALL STREET
This Gumshoe Is Making Tracks Money manager Audrey M.T. Jones isn't giving up on small caps--stocks with market caps of $10 million to $1.5 billion. ''That's where the real values are in this market,'' says Jones, executive vice-president at investment bank Morgan Grenfell in New York. One small cap that she's betting on to become a big winner: Kroll-O'Gara (KROG), which provides security services, including investigative and intelligence work, voice and data security on computer systems and the Internet, and armored cars. ''Kroll-O'Gara is definitely the leader in this fast-growing business,'' says Jones. Ram- paging demand for such services is reflected in the stock's fast climb, from 16 a share a year ago to 41 on Jan. 12. Worldwide spending for protection has risen from $20 billion in 1980 to $55 billion last year, notes Jones. By 2000, she thinks spending will exceed $70 billion, 60% of that outside the U.S. Jones says Kroll (KROG) will post revenues of $340 million in 1999 and $400 million in 2000, up from 1998's estimated $250 million and 1997's $190 million. Jones expects earnings of $1.25 a share in 1999 and $1.70 next year. The stock, now at 37, should hit 50 this year, she adds. BY GENE G. MARCIAL _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP |
|  |
 | |
RELATED ITEMS CHART: The World Seeks Security INTERACT E-Mail to Business Week Online | |||
