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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (9029)	11/27/1999 10:26:00 AM
From: valueminded	Read Replies (1) \| Respond to of 78602

N: imo, I believe it makes no sense until the judgements become so extreme as to be unpayable. At that point, bankruptcy is the logical choice & a reorganization to a less (litigous?) society would be in order. We shall see how this unfolds over the next few years. Mike: In terms of retail, I find your arguments persuasive but respectfully disagree. Just as papers are still delivered and read, people will continue to shop at the malls, etc. They do so for social as much as any other reason. Your comment about people raising there hands if they do 1/3 shopping on internet is misplaced. The question is really how many people will do there shopping on the internet. I have seen estimates as high as 12billion, out of about 200billion expected to be spent. Looking at our family, I would anticipate we will spend about 5% on the internet. Mostly books/cds/electronics as we can usually get those at or below cost through use of the "coupons"/closeout sights. Loss of pricing flexibility (certainly for mfgs & distributors) has been occuring over the past couple of years and has more to do with global overcapacity than anything the internet has done (imo) Anyone involved in an industry which is not plagued by overcapacity (building for ex) can say that prices are substantially higher, internet not withstanding. (drywall, lumber, bricks, concrete, etc)