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Non-Tech : CompUSA (CPU)
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To: hoyasaxa who wrote (1392)3/4/1999 5:54:00 PM
From: Smart Investor  Read Replies (1) of 3187
 
I do not think that is a possibility. People talked about bankruptcy about BBY in late 1996 and early 1997. I think the damage to this stock has already been done, selling at the current price is basically selling at the bottom. I plan to hold it for at least a year, and hope for a deal or turnaround. A deal or buyout is a definitely possibility. Who would have thought that level one get bought at a 100% premium? Level 1 went down big today. Whoever sold Level one today are very sorry right now. The same thing may happen to CPU. If it get bought at 1 price of $15-20 per share within a year, then we will have a return of 100-150%. Whenever a stock got so oversold and depressed, some buyer will get interested.
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