Abet Chichi2

[tomtomboombang]

A.C. Moore Arts & Crafts-ACMR reiterate Sell on mgmt's new guidance
opinion @ KING
Lowering Q4/2004/2005 estimates on mgmt's new guidance. Lowering Q4 estimates to .75c from .83c, 2004 estimates to .87c from .96c & 2005 estimates to $1.14 from $1.16.
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ACMR - A.C. Moore Arts-ACMR lower 05 est partly due to EITFC 02-16 accting change

opinion @ BBNT - Another reason for reducing our 05 estimate is due to higher-than-expected startup costs for A.C. Moore's new distribution center. Maintain $33 target-Maintain Buy.
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A.C. Moore Arts & Crafts-ACMR lowering est on increased costs-

opinion @ ADAM steady
We expect significant DC costs in Q4 as well as higher consulting fees. We are lowering our Q4 EPS estimate to .73c from .86c and our 2005 estimate to $1.18 from $1.32