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.
Strategies & Market Trends : Roger's 1998 Short Picks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mike Harkness who wrote (1796)1/28/1998 5:18:00 PM
From: Cosmo Daisey  Read Replies (2) of 18691
 
Mike,
""""does that mean you don't think it has considerable downside left?"""

I think they probably won't survive. They need money to continue in operation, they closed 70 stores last year and will close the rest this year. They are bleeding money and are predicting two years of big losses before a turnaround. Depending on the internet for a turnaround is risky. The internet is like a dogs life, seven years to one so who knows where we will be in two years. Retail stocks are typically big fund stocks and more than half of the EGGS are in that basket. I don't think they will hold their positions for two years of major losses waiting to see if the EGGS are scrambled or sunny side up.
EGGS isn't a value added seller rather a reseller so anyone can do what they are doing and a new company wouldn't be saddled with the huge debt EGGS will have from the closed retail stores.
It doesn't look good for EGGS
Coz
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