Anchor makes fast-growing company list

Friday, May 21, 1999 | 11:57 a.m.

The magazine ranked Las Vegas-based Anchor 27th on its list of small-cap growth companies, which as a group posted average annual 44.5 percent revenue gains and 89.5 percent earnings gains over the past three years.

Those gains are considerably higher than the average yearly sales and earnings increases of 6.5 percent and 6.7 percent, respectively, recorded by S&P 500 companies in that time span, Business Week said.

Anchor recently posted slightly lower sales and earnings for its March 31 third quarter, citing maturation of its most popular slot designs as the reason for the first quarterly declines in the past three years.

Business Week said resourcefulness and single-minded drive are two characteristics among companies on its Hot Growth list. A third of the companies it named are technology driven, though no Internet startups made the list because most haven't made any money yet.

To qualify for the list, a company must excel in three-year sales and earnings growth and return on capital, have annual sales of $25 million to $500 million and a current stock price above $5 a share.

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