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Non-Tech : NATIONAL RECORD MART (NRMI) -- Ignore unavailable to you. Want to Upgrade?


To: Kris who wrote (7)6/1/1998 11:10:00 AM
From: Linch  Read Replies (1) | Respond to of 34
 
Looks like those of us predicting a down day are correct

Again, I see no reason to buy this stock. It seems as if all the longs are here waiting for the internet announcement. But I tell you, announcements take a long-time to bear fruit. Buy on the fundamentals, not on expectations of announcements. While the company has improved sales over the past few quarters or so I still dont think it justifies the current price by any means. Also read that they opened 12 new stores last year, but closed 10. Thats a net of 2 stores. Not too impressive to say the least. Lastly, do any of you order pizza over the net? Unless there is a CD I cant find, I doubt I will buy them over the net. With BMG Music I can get a CD at an average cost of around $4 a pop by taking them up on their offer. That is, 10 free (only pay shipping and handling), purchase 1, then can cancel. I do this all the time. Convince me NRMI is a better way.