Cost Plus (CPWM) Message Board

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Non-Tech : Cost Plus (CPWM)

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To: Wolfram who wrote (16)	11/21/1997 11:06:00 PM
From: George Sepetjian	Read Replies (1) of 74

YESSSSSSSSSSSSSS-To quote Marv Albert. Glad to see you are still in this stock Wolfram. I predicted 35 by December & they reached it a month early. I scoured the web looking for any stock specific news and came up empty. My best guess for all this movement is twofold. Number 1 is the asian currency crises which is going to result in cheaper imports for US companies. Guess who imports from asian countries? Number two is what you've said and that is MM are now buying up shares of which there is a real scarcity. Less than 10 million. Lots of new demand & few sellers. The p/e is now up to 31 but the story has not changed except for the better. Lower costs for the goods they import & sell and the steady growth of new stores opening in all parts of the country. Nice diversification. I wouldn't blame you for selling & taking a profit but Wall Street works in a herd mentality & with all this volume today you can bet they've got CPWM on their screens this weekend. I expect it to move up again on monday. You may be able to squeeze another 6-8% until it settles back but who knows. I'm in it for the ride & the elevator is going up. Any other thoughts on your part Wolfram?

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