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Non-Tech : CompUSA (CPU)
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To: blankmind who wrote (1603)3/11/1999 3:22:00 AM
From: Doug Meetmer   of 3187
 
My opinion is that the stock price will go lower if the losses are significant. for example, if we have $4 /share in cash and the company loses $.05 /share, big deal. If however, the company loses $2/share, then the $4/share in cash will not act as much of a support as we head to the toilet. I never like to buy falling knives, but think of it like this- how much lower can it go from here anyway? The real downside is maybe another $2/share but no way are they headed for bankruptcy, given the strong balance sheet. If you buy now and hold the stock and not look at it for the next three quarters, there is an excellent chance we could be several dollars a share higher than we are now.

One thing I dont like about the stores are the less than helpful people who work there. If you are going to try to distinguish yourself from a DELL direct, you need to provide something more, such as service. The people who work at CPU know nothing about their products. you might as well be shopping at Circuit City.
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