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To: Jacob Snyder who wrote (4256)	3/27/2001 12:11:10 PM
From: dawgfan2000	Respond to of 52237

The blip I am waiting to see is if margins maintained for Retailers. I do not doubt that consumer spending continued at strong levels, what with all the clearance sales and such going on in the first quarter. There were great deals out there as Retailing, Car Makers, Computer Makers, etc. closed out excess inventory. I want to see if any body made any profits. Chambers is crying about spending. It looks like J6P did some spending, which I do find somewhat encouraging, given all the bleak news out there about their retirement funds. I think one of the keys will be the IT managers numbers on projected spending that may bear Chambers' concerns out. Consumer Spending #'s do not bear out IT business spending.

To: Jacob Snyder who wrote (4256)	3/27/2001 11:58:48 PM
From: fred woodall	Respond to of 52237

<<the latest consumer confidence number is surprising>> The confidence survey is mailed to 5,000 households at the beginning of the month, and 3,500 typically respond. The 21st is the cutoff date for inclusion in the survey. Dow Jones Industrial Average tumbled 13% between March 8 and March 21.

To: Jacob Snyder who wrote (4256)	4/2/2001 9:26:12 PM
From: Rick Storm	Read Replies (1) \| Respond to of 52237

Jacob, the napm hit bottom in Jan and has had a small rise in the last 2 mos ; like consumer confidence it looks like a contranian would filter out the noise of the market and its commentary and figure that our slowest growth was already past--consumer conf hit bottom is Feb; if the unemployment rate holds at 4.2, then maybe the economy has turned although the high tech/bubble has crushed the confidence of many buy/hold investors and perhaps this will be the underpinnings of asurprise rally with the prime rate at 8 and this not at this level since aug 1999; so maybe this is what we are missing and the sox may follow the economy with a U shape and we only have a few more btb to go; and since the market supposedly anticipates; then maybe sooner than later.

To: Jacob Snyder who wrote (4256)	4/4/2001 6:54:32 PM
From: Rick Storm	Read Replies (4) \| Respond to of 52237

Jacob, as the naz tumbles ;then I still dont understand how all the numbers so far add up ; look below at Best Buys and Radioshack report; BB is selling digital cameras and dvd players like hotcakes; I still dont understand how bestbuy and radioshack can be atleast holding their own , if there is an impending recession; Radioshack reports APril 6th; and that will be very important to see which way we are really going! 1. from Yahoo "LOOKING FOR A BRIGHT SPOT after another day of ugly sell-offs? It was Best Buy (NYSE:BBY - news), the Minneapolis-based consumer-electronics retailer that said sales of digital products like DVD players and cameras helped push fourth-quarter earnings up 16%. The retailer bucked a market beaten down by a series of earnings warnings in the software sector by saying Tuesday that its fiscal 2002 profits should top forecasts. Shares surged nearly 9% on the news, one of the very few gainers along with a handful of drug stocks and energy-related firms. Best Buy said net income for the quarter, ended March 3, rose to $189.7 million, or 89 cents a share, compared with $163.8 million, or 78 cents a share, a year earlier. Wall Street analysts had on average expected the company to earn 82 cents a share for the quarter. Best Buy said sales for the quarter rose to $5.46 billion from $4.32 billion, while sales at stores open at least one year rose 1.8% from a year earlier. ``In view of the challenging economic environment, our ability to report record profits and exceed earnings estimates is particularly gratifying,'' said Richard Schulze, Best Buy chairman and chief executive. ``Our sales growth of more than 20%, the increased gross margin rate along with the excellent performance by our employees produced these outstanding results.'' Looking ahead, the company said continued sales of higher-margin digital products should help it attain fiscal 2002 earnings growth of about 16% to 18%, resulting in earnings per share of $2.15 to $2.20. Analysts had expected a full-year profit of $2.07. Best Buy opened 62 new stores during the past year, and relocated or expanded 10. The company plans to open about 60 new stores in the coming fiscal year — including about 20 smaller-market stores — and to remodel or relocate about seven stores. Best Buy currently has more than 1,700 retail stores. On a bad day on the Street, Best Buy's stock climbed $3.21 to $40.01 on heavy volume — four times the average daily volume. Its shares have a 52-week high of $88.87 and a low of $21. Shares of Best Buy have outperformed the Standard & Poor's retail index of consumer electronics, which includes rivals Circuit City (NYSE:CC - news) and RadioShack (NYSE:RSH - news), by about 4% in the past 52 weeks. Circuit City shares were higher on Best Buy's news as well, despite a gloomy forecast a day earlier. " 2. Breaking News : Retail RadioShack Same-Store Sales Rose 7% in February By Erica M. Berardi Editorial Assistant 3/6/01 9:53 AM ET RadioShack (RSH:NYSE - news) said Tuesday that same-store sales increased 7% in February, down from a 10% rise in the year-ago period. Today's Market: Dow Takes Wide Swings Up and Down The Daily Interview: Legg Mason's Richard Cripps H&R Block Isn't Taxing Its Shareholders The consumer electronics retailer posted February total sales of $358.1 million, up from $335.4 million in the same period one year ago, while its year-to-date total sales hit $728.4 million, up 10% from $664.3 million last year at this time. RadioShack, which is based in Fort Worth, Texas, plans to report March sales results on April 6. Shares of RadioShack were up 47 cents, or 1.2%, to $41.13 in recent New York Stock Exchange trading. "