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Non-Tech : BBY -Best Buy

BBY 78.06

-0.8%

11:25 AM EST

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To: Parker Benchley who wrote (150)	2/14/1997 11:02:00 PM
From: SNOWMAN2	of 980

George---IMO you are wrong on the ability of BBY to survive and prosper long term. There are absolutely no margins in their businesses. The overhead up in the headquarters and everywhere is too heavy for a no margin business. I also have watched from day 1 and live in the Minneapolis area and have watched others like Shaak Electronics boom like crazy and then evaporate. Circuit City will in the end be the only survivor in this category because they have much sounder employee training which allows people to receive better service and they haven't resorted to the pricing structure that BBY has instilled. Relative to filing Chapter 11 and still surviving---not very likely without hugh dilution due to creditors taking the lions share of equity. I don't think that chapter 11 is close at hand though---this is a slow bleed.

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