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Non-Tech : CompUSA (CPU)
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To: witurac who wrote (2139)4/12/1999 11:03:00 PM
From: J.Y. Wang  Read Replies (1) of 3187
 
The problem for CPU is that even if it is a "value play", value stocks are in the toilet right now. No one gives half a damn about value stocks right now. It's all hype, momentum, or growth that people care about. There are hundreds of "value" stocks -- many of which are better plays than CPU -- which are still undervalued and underappreciated.

Nothing will change until there is a correction in the market. The value stock which may go up 20% in six months to a year is a joke in a market where an internet stock can go up 20% in six minutes, 50% in a day, and 200% in a week. Markets are guided by fear and greed -- there is too much greed and not enough fear right now. Greenspan needs to step in.

As it is, there are even legitimate questions about whether or not CPU is a value stock because of its management and business prospects. Buy.com sells stuff below cost. Onsale is going to sell stuff at cost. (Both are supposedly going to make money on the advertisement -- I bet SNL was in their strategic planning department.) I bought a Palm III at buy.com for $209. I believe it was $349 or $369 at CompUSA. WTF?

I bailed at 7, and I am glad I did but pissed because I should have bailed at 7 1/2 or 7 3/4. If CPU hits 5 or 4 then I might look at it again, but until then it seems like it's doomed to be stagnant.
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