I know this is a REALLY tacky thing to do - but Wexler's really bugged me.
Cheryl
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To: Bill Wexler (4608 )
From: Bill Wexler
Wednesday, Mar 3 1999 9:24PM ET
WEXLER ANNOUNCES A NEW THREAD!!!
I am officialy closing the "Profits of Doom" thread and announcing the grand opening of:
Bill Wexler's Dog Pound
Subject 26311
Started By: Bill Wexler
Date: Mar 3 1999 9:07PM ET
The charming Mr. Wexler discusses his favorite grossly over/under valued stocks. We'll explore opportunities in stocks of fine pedigree that have been unfairly put in the dog house, and the nasty mongrels that deserve to be kicked to the curb.
Dog #1: CompUSA (CPU) 9 9/16 ...strong buy recommendation
[Closed at 8-1/8 on same day he started the thread]
Talk about a stock that everyone hates. Retailing is lousy, PC sales are slowing, and there is widespread perception that the competition will just make this company irrelevant. Problem is that the company...for some odd reason...continues to be the #1 retailer of computer goods quarter after quarter. Unlike its interent-based "competitors", CPU also manages to turn a profit. CompUSA recently announced a spinoff of its direct sales division and the company is sitting on nearly half a billion in cash. It's debt is easily serviceable from exisiting cash flows.
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Bill, CPU was one of my favorite stocks a long time ago. Rode to a double, so
#2, Daniel M. Gold, Mar 3 1999 9:36PM
Charming indeed! WOOF! But can we discuss shorts hear to? Er, here too?
#3, Peter V, Mar 3 1999 9:46PM
More Y to K problems (or something like that . . . )
#4, Peter V, Mar 3 1999 10:48PM
<<can we discuss shorts>>
#5, Bill Wexler, Mar 3 1999 11:45PM
Bill, Congradulations on your new thread...hopefully no one hypes BBs and cra
#6, KMFDM2000, Mar 3 1999 11:58PM
Zitel one of the best shorts ever.
#7, Michael, Mar 4 1999 12:07AM
Oh all right! I picked up 5000 of CPU today at the sale of the century and a n
#8, Merg, Mar 4 1999 12:19AM
Just hope there isn't another "sale of the century" at 7 a share!! earnings a
#9, Bill Wexler, Mar 4 1999 12:34AM
No opinion about Marvel. It's a financial morass which I'll never understand.
#10, Bill Wexler, Mar 4 1999 12:41AM
Zitel, what a wonderful stock. Anybody know what Dave Stewart is promoting th
#11, Dale Russell, Mar 4 1999 12:53AM
Bill, Called the company today. There will be a release on March 31 regard
#12, Thurston Howell, Mar 4 1999 1:35AM
I like Sea Containers (owning class A). The stock took a big hit earlier this
#13, Charles S. Stein, Mar 4 1999 9:23AM
Bill, Too many more "strong buy" recommendations from you like CPU and I'll
#14, Hank, Mar 4 1999 10:15AM
Hank--CPU's book value is $4.80 a share.
#15, Druss, Mar 4 1999 10:27AM
Bill & All, I consider OLS and HELE to be very beaten down. BUD could be
#16, Wolfgang Lauer, Mar 4 1999 11:51AM
I agree, this IS my worst call...at least for now! Out of every single long position
#17, Bill Wexler, Mar 4 1999 2:28PM
Take a look at TECD...a distributor, but getting hammered for similar reasons
#18, Bill Wexler, Mar 4 1999 2:34PM
I'll look at TECD but until CPU bounces (and I sure as hell hope it's soon), I
#19, Hank, Mar 4 1999 2:43PM
Re: OMX, it may not grow as
#20, JSB, Mar 4 1999 2:46PM
Bill, do you have any information on how sales are going at CPU's Apple store-
#21, Marc Newman, Mar 4 1999 3:17PM
Out of every single one of your long picks, it was the only one that I decided
#22, Evan Torrie, Mar 4 1999 3:29PM
Good point. I think that it would probably make a lot more sense to simply bu
#23, Bill Wexler, Mar 4 1999 4:16PM
The people I talked to (GMs of several stores and an RM) tell me that Apple sa
#24, Bill Wexler, Mar 4 1999 4:17PM
Yeah. BBY is the biggest problem for CPU IMO.
#25, Bill Wexler, Mar 4 1999 4:18PM
BBY slashing the iMac to $999 in mid-December (despite no price-protection fro
#26, Marc Newman, Mar 4 1999 4:21PM
Bill... Re: RACE and WEBB. >>http://www.techstocks.com/~wsapi/inves
#27, Bob Trocchi, Mar 4 1999 4:23PM
Imagine the people who are still hanging on to shares purchased at 20+. To be
#28, Bill Wexler, Mar 4 1999 4:23PM
On a happier note...COST beat estimates and a new all-time high!
#29, Bill Wexler, Mar 4 1999 4:29PM
Cool. That means the longs will feel safe in running RACE up over 6 again.
#30, Dale Baker, Mar 4 1999 4:37PM
Bad, bad news for CPU...
#31, Bill Wexler, Mar 4 1999 4:45PM
Nothing like starting off my thread by being completely WRONG!!!!!
#32, Bill Wexler, Mar 4 1999 4:47PM
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I feel very badly for CPU longs. Many of us have been down this path before, with TAVA and other stocks. But I do get perverse pleasure to see the angst Wexler is personally going thru. He never cared about the angst he caused others on this thread. KARMA RETRIBUTION.
Cheryl |
