SME(svcdq) has it bottomed out yet? Or will it hit bottom? Message Board

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Non-Tech : SME(svcdq) has it bottomed out yet? Or will it hit bottom?

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To: Arthur Tang who wrote (296)	11/29/2000 6:24:03 AM
From: Arthur Tang	of 305

Driving around yesterday to look at the traffic at the stores, it seems traffic is up 30-40% by the cars parked in the parking lots. The customers are not the wage earners, because of the time of day. The advertizing on TV and the banners on the windows are just beginning. The flyers of mail announcement of sales are just beginning. X'mas jingles are playing in the stores. So, it appears retail shot themselves in the foot by dragging their feet and not do the advertizing soon enough. I am looking at another X'mas which may exceed last year's 7.5% GDP growth. Why? People are saturated with low priced merchandise and is moving upscale. That of course increases revenue and increases GDP. On the other hand, SVCDQ still loses $24 million per month due to their $28 million headquarters overhead expenses. This December with the estimated $400-500 million sales, they may come out in the black if they push for more sales revenue. Estimated loses to be covered will be $300 million. So, if sales were $999.99999999999999999999 million in December, they will break even. Any thing over $999.9999999999999999999999999999999999 million in sales at the same gross profit, the gross profit will be the earnings. I would buy before the end of the year, keeping you nose on the grind stone. If you want to invest in this company; visit them often to see if the revenue exceeds $999 million. This is the old retail tradition, half of the yearly revenue is done at X'mas. Or is it half of the yearly profit is done at the X'mas, if they made money each and every month?

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