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Non-Tech : Guitar Center (GTRC)

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To: Nikole Wollerstein who wrote (16)6/5/1999 12:08:00 PM
From: Philip Armstrong   of 21
 
I saw the news before the market opened but did not sell. I do not know how to play this one. With the merger I thought they would be a stronger company. The statement seemed to say that their earning would be down this quarter and rebound latter in the year. This was a large persentage drop for what seem to be not so bad news.
We will have to watch and see if those looking for the quick buck who dumped out of the stock will be attracted back over the next few quarter. More than likley they will need to come up with a supprise in earnings, and a buy recomendation from annother broker to come back. Who knows could be a good buying opertunity.
A wise man once said "Only time will tell".
Phil
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