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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: leigh aulper who wrote (161)	9/14/1998 4:33:00 PM
From: christopher	Read Replies (1) of 305

I went to the store's Labor Day sale. It looked good but I'm not sure it's enough to pull them out of their problems. The latest from the Tennessee Investor (Sept 98) reads " Reported 2Q losses of 6 cents vs a loss of 18 cents with a dismal same store decrease of 8.5%. On Labor Day the company will begin thier new Service Merchandise concept with heavy emphasis on home furnishings and jewelry. The company estimates that 70% of their merchandise will be on the floor as opposed to the backroom, which has been the norm. It's very doubtful that the new Service will have much effect on sales or the bottom line. If the new concept doesn't work look for Service to be sold. We will visit their stores and keep you apprised of their success." I keep SME on my watch list but I would be afraid to get in much over a buck a share. My current favorite Tennessee Investor pick is SATH and I'm in it long...Two other favorite picks of mine are MSN and CAGI. Chris

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next