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Strategies & Market Trends : Value Investing

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To: Bob Rudd who wrote (6932)	4/24/1999 6:52:00 PM
From: Michael Burry	Read Replies (1) of 78476

Longer term, recent studies have shown net customers are generally very price sensitive and in 2 or 3 years, when the sales tax advantage is eliminated, 25% of those price sensitive shoppers will return to local retail. Which studies? Not to challenge you, but just for my own info database. The sales tax isn't the whole price difference, so the implication is that the retailer absolutely must have the lower total price to attract both initial and repeat businesss. And even so, 25% will leave if the lower price is just moderately lower. IOW, people like to shop, like to browse bookstores, etc. This would be very potent for my POV. Mike

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