CompUSA (CPU) Message Board

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Non-Tech : CompUSA (CPU)

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To: Dale Stempson who wrote (53)	1/2/1997 9:00:00 PM
From: Cynic 2005	of 3187

Dale, I think you are right abuot CPU being the lone survivor or the Walmart of PC retailers. But, current valuation for the stock is absurd - i.e. for a retailer. We have known them before - once Street darling Best Buy, recently Baby Superstore. When PC growth is at historic lows (about 15-17% up to 3rd Q) how can both directo vendors and retail outlets make merry at the same time? In retrospect things always look so obvious. Given the expectations, I think the fair vale for CPU is about $12. Just as when it wouldn't stop at the fair value on the way up, it won't stop there on the way down. If I were to go long on CPU, it would be below $10. If it doesn't get there, I will try to find other investments. Just my opinion! The introduction of MMX and the possible hype around it does infact affect my closing decision on CPU puts. But, I am hoping that CPU gets below 15 by tomorrow! Regards. -Mohan

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