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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: Nazbuster who wrote (17545)3/5/1999 1:58:00 PM
From: Cosmo Kramer  Read Replies (2) of 122087
 
Anyone shorting CPU??

CPU down the last few days and tons of bad news today including:

NEW YORK, Mar 5, - Standard & Poor's today placed its double-'B' corporate credit and
bank loan ratings, as well as its single-'B'-plus subordinated debt rating, for CompUSA, Inc. on
CreditWatch with negative implications.

The CreditWatch listing follows CompUSA's announcement that sales and earnings for the remainder of fiscal 1999 are likely to
be well below previous expectations.

The percentage decline in comparable store sales for the fiscal third quarter ending March 27, 1999 is now expected to be in the
high single digits, accelerating the decline experienced in the first half. Same-store sales declined 1.7% and 4.7% in the first and
second quarters of fiscal 1999, respectively.

Further, the third-quarter gross margin rate is expected to be 13.0%-13.2%, down from 13.5% in the second quarter of fiscal
1999. Both these measures had been expected to improve during the last half of the year.

Based on current trends, CompUSA anticipates reporting a loss in its third and fourth fiscal quarters.

Standard & Poor's will meet with management to assess business and financial strategies to improve profitability.

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