Working All Day, But Trading Behind the Bosses Back Thread Message Board

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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread

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To: Mark[ox5] who wrote (585)	2/22/1999 11:55:00 PM
From: Mark[ox5]	of 779

Here is a timely headline ...... related to my long winded post... I wrote earlier On the other flip side grin the internet will contribute to keeping prices low...goods can be offered to anyone, anywhere... retailers are going to be hurt especially.... .....AND the fact companies like ONSALE are selling things AT COST (wholesale) on the internet (or AMZN about 35% less then tradtional competitors), & my opinion is profit margins in many industries (consumer sort of industries) will fall.. To illustrate... read this headline I just found. Barnes&Noble issues profit warning despite record sales NEW YORK, Feb 22 (Reuters) - Barnes & Noble Inc. (NYSE:BKS - news) said on Monday its year-end retail sales rose 8 percent to a record $3 billion, but the largest U.S. bookseller's consolidated year-end earnings per share are still expected to fall short of Wall Street estimates. The New York-based company said it expected to post year-end earnings per share of 76 cents, excluding a 53-cents-per-share gain from German media group Bertelsmann's investment for a 50-percent stake in Barnes & Noble's online venture. Wall Street had expected the company, with more than 1,000 bookstores under its Barnes & Noble and B. Dalton names, to earn 80 cents per share for the year, according to First Call Corp., which tracks analyst estimates.

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