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Non-Tech : CNS-consolidated stores: doomed or deemed attractive? -- Ignore unavailable to you. Want to Upgrade?

To: Nutty Buddy who wrote (7)	8/2/1999 9:58:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 11

Okay, I'll deem it attractive too. Adding to my small position today @ 15 13/16. I've followed MacFrugal's since early '90's until it became part of CNS. Interesting articles in past few weeks regarding CNS. The Cramer article in thestreet.com where he wrote he wouldn't touch the thing even after the price collapse-- very shaky stock, he says. But Judith Graham, writing about the same time, said (in Individual Investor Online), that CNS might be "a bottom-fishing buying opportunity". She noted that CNS attributes earnings loss due to "slowing video game sales and higher shipping prices". I found it disconcerting though that same store sales were up 5.9% --and so did she apparently. "So are slow video game sales and higher shipping prices the only reasons for the loss?", she asked. Yes, very odd imo. In yesterday's Barron's interview with Robert Rodriguez of First Pacific Advisors, the author said, "FPA Capital also picked up battered shares of Consolidated Stores..." In my opinion, Mr. Rodiquez has an excellent record and feel for this company. (He was a large investor in the old MacFrugal's.) So I'd guess that somewhere around this $15-$16 range is the low point for CNS. Unfortunately, my record for predictions could use some improvement---I've been wrong many, many times before. Paul Senior