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Non-Tech : REX Stores (RSC): The next BEST BUY?
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To: Paul Berliner who wrote (4)5/27/1999 11:17:00 PM
From: Kevin Michael  Read Replies (2) of 24
 
Alright!!! This board has life already-- thanks to Paul! Paul have you ever shopped at one of the REX Stores? If so I would love to hear more about your shopping experience there. I agree that Best Buy and Circuit City are overpriced-- keep this a secret though. I own a few shares of Best Buy at 48 and hope they come back so I can unload them. I used to own 150 shares of Best Buy at 18.25 (post-split) but was not patient enough to hold them very long. Instead of making several thousand dollars I only made a little over a hundred (so much for jumping in and out of stocks). I bought back in at 48 out of anger for missing out; STUPID!). Emotions aside, about this time last year Best Buy was in the middle of its huge turnaround. REX Stores appears to be at the very beginning of its turnaround but we will have to see how this quarters numbers look to prove this. AGREE? If the numbers are great, expect a big pop in shares of RSC. With a small float, an already low PE ratio, an E-commerce site, and improving fundamentals, I wouldn't be at all surprised to see a 25% jump from todays close of 20 1/8 by the end of next week. We need a a good economic report tomorrow and a favorable CPI number next week to help us out. RSC shares have been on the rise despite the markets recent violatility; just think if all the buyers come back into the market next week! Paul do have a position in RSC? Gotta go! Kevin Michael
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