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Technology Stocks : UNDISCOVERED NET STOCKS...Not yet BOOMING!
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To: Sipowitz who wrote (60)1/31/1999 11:37:00 AM
From: Jeffrey L. Henken  Read Replies (1) of 525
 
RDIM has an excellent business plan to establish itself as a profitable business. The wholesale buying club industry is huge.

BJ and COST are two examples of these tremendously successful companies.

I personally am a member of our nearby Costco Wholesale Buying Club. Costco has around 185 stores throughout the country. I like Costco a lot but the products offered at a Costco store are limited to generally overstocked and discontinued items.

RDIM is looking to consolidate, or roll up, as may of the 150 private buying clubs as they can. This is an extremely profitable $8.5 billion subset of this industry. At .83 RDIM could have a lot of boom left in it.

Regards, Jeff
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