SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : SME(svcdq) has it bottomed out yet? Or will it hit bottom?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Arthur Tang who wrote (244)1/13/2000 6:40:00 AM
From: Arthur Tang  Read Replies (1) of 305
 
SMC stock needs to have a period of accumulation to time with some good news, before distribution. The inventory shrinkage is still unknown. Although some guess of $40 million and subsequent news release by the company of more than $35 million earnings before--everything--etc. can be some indication of continuation in chapter 11. The company is in danger of falling into chapter 7, if rumors of substantial stores closing is true.
However, the lack of news of stores closing plan is actually a good news in disguise. It means careful re-examination is in progress.
The projections by ronjo and friscojonesp on Yahoo boards were entertaining but lack the prediction of trend established by previous years. And unless there is no more store closing, any projection is meaningless.
Interesting to note, that the 233 stores remaining were the pick of the crop. And yet there are new weaknesses. This points out that merchandising has changed but the store locations are not. One learns that you can not change too many variables when you try to fix things. Restoring the right merchandise at the right location will restore the revenue lost.
Any way I need market makers to call the management to discuss their plans, before we can proceed further. This is a project that some market maker will make a name for himself (or herself?). Don't give up the chance. 100% effort is needed here.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News