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: AL TOTH who wrote (61)	5/11/1997 10:27:00 PM
From: Bill Brogan	of 297

Al-- Reference your message below dated April 9, 1997... What has changed that suddenly warrants this reversal of opinion about CEXP's near-term share price? I agree that there appears to be little downside risk, but it sure is interesting how on such volume lately the price doesn't budge. Do you think the company has some positive news or results to report in the short-term that may bring it's price back up to the point before its big slide? --Bill "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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