The Good-The Bad and The Ugly Message Board

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Strategies & Market Trends : The Good-The Bad and The Ugly

MAGS 67.15

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To: Bald Eagle who wrote (3875)	11/4/2000 10:31:46 AM
From: Jimbobwae	of 8686

Bald, CC has already guided earnings lower, announced a three year remodeling of all their stores and exited the large appliance biz in favor of expanding specialty elec & computer related offerings. The media seems to be planting the usual psycho-seeds of a slow Christmas now. If Xmas=slow/mod then high teens by year end. If Xmas=good then mid 20's seems reasonable. If Xmas=bad the down side might be $11.5 My gut feel is that consumers are going to buy electronics even if overall Xmas sales are slow. CC is offering AOLTV exclusively, DirecTV is rolling out local channels across the country, in addition to PDA's and other new cool gadgets coming in the wireless wave. The price can double and the co. will still be only P/E-16. Longer term if the results of new remodeling, image & customer service can outpace costs to upgrade then mid 40's seems reasonable. This is rookie prognostication so take what I say with a bag of salt. Quick compare of CC & BBY: quote.yahoo.com Also, check out the profiles from the above links and compare the statistics tables: biz.yahoo.com biz.yahoo.com Look forward to any confirming or contrary points of view, Jim (long cc)

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