Investors are hungry for new names with promise in today's tough market. The stock hasn't been savaged but neither has it sparkled. And it is assumed by some to be a takeover bet.
Investors savor the company's earnings turnaround.
In the third quarter, the company earned 14 cents a share, up from 8 cents a year ago. For all of 2000, analysts say earnings will jump to 38 cents, and to 59 cents in 2001, up from 18 cents in 1999. Casino has been buying shares in the open market. But the euro's weakness, says one investment banker, delayed its advance. The euro's recent rebound could prod the French company into action, says the banker.