Ncbr Index heads south

The Northern Colorado Business Report Stock Index fell from its record high, hit in December, for the month ended Jan. 15. The index slipped 32.95

points, or 2.65 percent, to close at 1210.73.

In similar fashion, the Dow Jones Industrial Average dropped 138.37 points, or 2.67 percent, to 5043.78, while the Standard & Poors 500 Index slid 17.10 points, or 2.77 percent, to close at 599.82. For the NCBR index, declining issues outpaced advancing issues by a 45-to-17 margin; 14 stocks reached new 52-week highs vs. 11 that dipped tonew 52-week lows. Turning to stocks in the accompanying table: Rock Bottom Restaurants said it expected fourth-quarter earnings to be between $0.08 and $0.10 a share, which falls short of analysts’ estimates. The
company said its earnings per share would be hurt due to a 3.8 percent decline in comparable-restaurant sales, slower-than-expected sales in two new
markets, and margin erosion in certain restaurants. On the other hand, Rock Bottom expects fourth-quarter revenues of approximately $23 million, compared with $11.7 million in the year-ago quarter.
For the month, Rock Bottom Restaurants emerged as the largest percentage loser in our index, as it dropped 5.75 points, or 37.70 percent, to close at
$9.50. Advanced Energy Industries Inc. announced a three-year primary-source contract for its high-frequency power-conversion devices worth up to $16
million. Advanced Energy will provide its RF products to Eaton Corp.’s Semiconductor Equipment Operations. Last month, investors watched their shares of Advanced Energy Industries slide 2.38 points, or 25 percent, before coming to rest at $7.13. Atrix Laboratories Inc. announced that it has filed a 510(k) pre-market notification with the U.S. Food and Drug Administration for authorization to
market its first dental product, the Atrisorb(R) Barrier for Guided Tissue Regeneration. The dental product is biodegradable, avoiding the need for a
second surgical procedure for removal. The company hopes to receive regulatory clearance for U.S. marketing sometime in mid-1996. Last month, Atrix Laboratories bucked the downward trend, as it rose 1.50 points, or 25 percent, to close at $7.50. Neil Nordby is president of Nordby International Inc., a Colorado-based financial-information firm.

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