Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: Michail Shadkin who wrote (632)	5/16/2001 12:50:03 PM
From: virgil vancleave	Read Replies (2) \| Respond to of 6873

Just thought i would add one for you to consider. coco, just saw it on the front page of investors daily. Way overvalued and overhyped. I am short at 49. Trades at 5 times sales, but at a new high. i am looking to cover in low 40's to mid 30's. Opinions?

To: Michail Shadkin who wrote (632)	5/16/2001 1:50:34 PM
From: Art Baeckel	Read Replies (1) \| Respond to of 6873

Michail, I've been following your calls for a week or so. I like your style. I have a concern with TWMC because of the History of low volume. Would you care to voice an opinion?? I usually follow higher volume trading stocks. Keep up the great job. ART

To: Michail Shadkin who wrote (632)	5/16/2001 4:32:33 PM
From: Torus	Respond to of 6873

Trans World Entertainment Announces First Quarter Results ALBANY, N.Y., May 16 /PRNewswire/ -- Trans World Entertainment Corporation (Nasdaq: TWMC) today announced total sales of $309 million for its first quarter ended May 5, 2001, compared to $310 million for the same period last year. The net loss for the quarter was $2.1 million, or $0.05 per diluted share, compared to net income of $8.9 million, or $0.18 per diluted share, in the comparable quarter of 2000. As disclosed in the May 3 earnings guidance announcement, comparable store sales in the first quarter of 2001 decreased 5%, as compared to an 8% increase last year. Gross profit for the first quarter was 33.4% of sales, compared to last year's 35.7% of sales. Selling, general and administrative expenses increased to 31.4% of sales as compared to 28.7% in the first quarter last year. "As reported earlier, the first quarter was challenging, up against a strong first quarter last year. However, we anticipate stronger sales growth beginning in June when the new releases will be stronger than last year," commented Robert J. Higgins, Trans World's Chairman and Chief Executive Officer. "The re-branding of our mall stores and our eWorks initiative are progressing as expected and will position us well to enhance our long term growth and profitability."