Office Product Stocks - ODP/SPLS/OMX/VKNG/CEXP/OFIS/BOP Message Board

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Non-Tech : Office Product Stocks - ODP/SPLS/OMX/VKNG/CEXP/OFIS/BOP

SPLS 10.25

0.0%

Sep 28 5:00 PM EST

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To: Tim Luke who wrote (4)	4/9/1997 11:26:00 PM
From: AL TOTH	of 297

TIM-CEXPs stock price decline was inevitable. It was trading at a PE of over 100 and maintaining its high growth rate by buying any company that had anything to do with office products,e.g. coffee services,computer products and then delivery services. And I must admit it did it alot longer than I thought it could before the first negative statements ever came out(I would short it for 2-3 points every time it hit the high 30s but was not holding it when it took its big hit). However that first stumble by CEXP trashed the stock as you well know. I empathize with you as I was long COMS and CSCC when they tumbled. But IMO I dont think the future stock price of CEXP will appreciate soon. Its PE is still high for the industry and it just cant continue to grow by expansion unless they buy a competitor. You might want to consider taking your stake in CEXP and putting it in one of the office product stocks that has a more immediate upside potential. AL

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