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From: americast-post@AmeriCast.Com
Organization: American Cybercasting
Approved: americast-post@AmeriCast.com
Subject: Companies In The Leading News
Date: Wed, 11 Nov 92 12:52:31 EST
Message-ID: <13.1992Nov11.125231@AmeriCast.com>

11/11/92


TITLE Companies In The Leading News #m#gm#m#Home Furnishers Slip
After A Strong Rally The Textile - Home Furnishings group, after
a strong start this year, has withered in recent weeks.  The
ten-stock group's Relative Strength dropped last week to 23 from
90 just eight weeks earlier. That means more than three-quarters
of the 197 industry groups tracked by Investor's Business Daily
have performed better in the past 12 months.  Since Jan. 1, the
group has picked up 30%, thanks to gains taken early this year.
The Standard & Poor's 500- stock index, by comparison, is virtu-
ally unchanged.  One of the few stocks in the group that has con-
tinued to perform well in recent weeks is Calhoun, Ga.-based Car-
riage Industries Inc. It has tacked on more than 170% since Jan.
1. In the past two quarters, Carriage has pumped out earnings in-
creases of 388% and 222%. The company makes carpeting for the
manufactured housing, recreational vehicle and marine markets.

Another Georgia-based carpet producer, Shaw Industries Inc., has
tacked on more than 50% since Jan. 1, although most of that gain
was taken during the first quarter. Shaw has also seen its pro-
fits soar this year. In the past three quarters, earnings were up
1,300%, 100% and 33%.

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