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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Michael Young who wrote (579)	3/20/2002 10:43:05 AM
From: Joe Stocks	of 787

FRED- Mike, researching FRED I don't see the makings of a nationwide roll-out. They opened 32 stores last year and just 2 last quarter. From what I see they are destined to remain a regional retailer. Nothing wrong with that but at current levels I don't see the attraction. On a side note, I also think that markets are being overstored with Fred's concept. One must think that the economic expansion that started in 1982 is still in place. I don't think it is although it's getting harder to prove my point. LOL! Joe

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