Johnston Industries Inc

Article Abstract:

Johnston Industries Inc was among the companies with the largest insider purchases during past year ending Jun 1992. Its profit for the fourth quarter made up for 1991 losses. It registered a record $6.77 million in sales for 1992 and highest profits since 1989. It cites cost reduction measures through improved plant capacity and newly acquired technologies for the company's performance. Johnston is a producer of woven textile fabrics for industrial, automotive, home and fashion purposes.

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Johnston Industries Inc

Article Abstract:

Johnston Industries Inc Pres Gerald Andrews bought 25,000 of the firm's shares at 10 1/4 last Oct 29, 1992. The textile manufacturing company stocks attained a recent 52-week high of 12 3/4 due to the creation of its Tech Textiles USA division. Johnston's 38% stakes in the very promising Jupiter National Inc also prompted the former's growth. Johnston also posted a 4.1% yield on 7.3 million shares of its 50-cent dividend.

Securities

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Springs Industries, Inc

Article Abstract:

Robinson-Humphrey's Lorraine Miller gave a Buy rating for Springs Industries Inc stock. The stock analyst thinks that the textile manufacturing firm's three-year restructuring policy, which has cost $350 million in investments, is about to pay off with a projected revenue increase in 1992. Miller predicts a $2.50 stock increase in 1992 and forecasts a 1993 increase to $3.75 per share.

Pressed and blown glass, not elsewhere classified, Textile goods, not elsewhere classified, Springs Industries Inc.

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