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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Vegas Kate who wrote (36872)4/28/1999 9:59:00 AM
From: Minos  Read Replies (1) of 120523
 
HS

CHS Electronics is an interesting company, and all things being equal it appears very undervalued. However, the company and CEO have virtually no credibility on the STreet as they do have not given guidance in the past. There has been a real battle between longs and shorts on this one, and the shares cratered after they restated earnings (I think). A ton of lawsuits followed, which might not normally mean anything but in this case I'm not sure. Also, Herb G. at TSC has written a couple of slam articles highlighting what's been going on.

I have no idea which way this is going to go, particularly short term. Stock could easily trade up to 10...but it could also fall back into oblivion. I would say this is a very high risk earnings play.

JMHO,

Minos
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