Cost Plus (CPWM) Message Board

STOCKTALK

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 : Cost Plus (CPWM)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Wolfram who wrote (10)	10/3/1997 2:33:00 AM
From: George Sepetjian	of 74

Looking Real Good The only news I've come across is today's WSJ reporting a secondary offering of 2.85 MM shares priced @ 28.25/s. That would seem to be the reason it got knocked down today. The proceeds are going for store expansion,working capital, & general corporate activities. These sound like pretty sensible things to do with the $. YOU BET I'm still holding my shares Wolfram! I think the risk in this stock is sufficiently low enough that a Buy in here should be well-rewarded 6 months out. By then, sales results for 4Q-97 will have been out. Which of course is CPWM's strongest quarter-holiday sales like most other retailers. As for the breakout in price & volume, I can only agree with your view. Small-Cap stocks is where the $ is going & CPWM is gathering attention. They just opened 2 stores in the Chicago area recently. As their stores increase eastward, it's obvious it will attract more attention from the Wall Street crowd. The offering is not until Oct. 8, so expect the stock to tread water into next week. Sorry I haven't posted to the thread lately, but the only thing of significance with CPWM has been store openings. Not exactly earth-shattering news. This ain't no High-Tech concept here. Cheers!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next