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Strategies & Market Trends : LastShadow's Position Trading

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To: Thomas Sterner who wrote (9074)	2/24/1999 8:39:00 AM
From: AlienTech	Read Replies (2) of 43080

CNS another BBY in the making? Consolidated Stores Corp. (CNS) 22 1/2: specialty retailer posts a Q4 operating net of $1.06 a share, a penny ahead of the First Call estimate, vs year-ago profit of $0.60 a share; total sales increased 4.6% to $1,69 bln; see press release..... Consol Stores Earnings -5: Says FY98 Results 'Disappointing' Consolidated Stores attributed "disappointing results" to a number of changes made during fiscal 1998. In its Closeout Division, the company reorganized its buying group, launched a new inventory management system and opened a distribution center. The retailer said it also completed the integration of 326 Mac Frugal's Bargains stores into the Closeout Division. Although its Toy Division had a "difficult" year, the company said it will continue to open more toy stores in 1999 and pursue potential sales via the Internet. (END) DOW JONES NEWS 02-24-99 07:44 AM iqc.com

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