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.

Non-Tech : CompUSA (CPU) -- Ignore unavailable to you. Want to Upgrade?

To: Jan Crawley who wrote (581)	6/24/1998 6:46:00 AM
From: Scotsman	Read Replies (3) \| Respond to of 3187

Before we all get ahead of ourselves, lets make sure this deal goes through, and lets see how it impacts earnings. Everyone knows in our short term oriented market that earnings are very important, and if this deal causes an earnings drag it could cause a short term stock drag along with it. Finally, we need to see how many stores they are closing. I would submit an interesting theory. Under general accounting rules, land is held at the value it was purchased at. Now, lets say Comp USA decides to close the Dallas CC store, which it might as well since there is another Comp USA near it. They could sell the store. The land that the CC is sitting on is very valuable since it is near a major interchange. So they could make, on a store by store basis, a lot of money by simply selling off the stores they don't need. A lot of hidden worth there. And it would reduce the amount of effort to be put out to fold in the existing stores into the Comp USA family and get them under control. Still, some uncertainty ahead so that could put a damper on things for the next few quarters. But after that, its going to look like the space shuttle.

To: Jan Crawley who wrote (581)	6/25/1998 12:08:00 PM
From: James Yu	Read Replies (1) \| Respond to of 3187

Jay Crawley, I excerpt a list of brokage firms' recommendations for CPU from briefing.com. A very interesting recommendation (on 02/24/98) of Preudential's 12 months target price is $42.00. We will see whose recommendations are accurate. Archived Story Stocks ====================================================================== Short Stories Monday, June 22, 1998 **** BEFORE THE OPEN CompUSA (CPU) 16 1/4: To buy Computer City subsidiary from Tandy (TAN 42 7/16) for $275 million in cash and debt. CPU says, not surprisingly, that the deal will have a positive impact on earnings, but does not say when..... Short Stories Monday, June 15, 1998 ** 13:00 -- 14:00 ET (Updated throughout the hour)**CompUSA Inc. (CPU) 15 3/4 +1/16: ABN AMRO initiates coverage of electronic, software, accessories, and related products and services retailer with 'hold'..... Short Stories Thursday, April 30, 1998 ** 11:00 -- 12:00 ET (Updated throughout the hour)**CompUSA Inc. (CPU) 18 3/8 +9/16: Lehman Brothers continues to rate superstore electronic retailer a 'buy' but feels that road ahead is still bumpy; expects two more difficult quarters, but still believes in company's long-term strategy; lowers Q4 EPS estimate from $0.15 to $0.13 a share due to slower sales growth..... Short Stories Wednesday, April 29, 1998 ** BEFORE THE OPEN ** CompUSA (CPU) 18 1/16: Computer retailer reports diluted earnings per share of $0.27, a penny ahead of First Call consensus but down from year ago $0.35 a share, on revenue gain of 14.2%... Short Stories Thu 04/02, 1998 ** 11:00 -- 12:00 ET (Updated throughout the hour)**CompUSA Inc. (CPU) 20 5/8 -3/8: --UPDATE-- Hambrecht & Quist downgrades electronic superstore retailer from 'buy' to 'hold' following yesterday's reported weaker than plan sales; lowers Q3 EPS estimate from $0.42 to $0.25 a share, Q4 from $0.29 to $0.17 and full-year 1998 from $1.32 to $1.04 a share; also cuts FY99 EPS from $1.63 to $1.25 a share..... Short Stories Thu 04/02, 1998 ** 10:00 -- 11:00 ET (Updated throughout the hour)**CompUSA Inc. (CPU) 20 15/16 -1/16: Lehman Brothers lowers EPS estimates, but leaves rating unchanged at 'buy' following yesterday's weaker sales announcement by major electronic retailer; lowers FY98 EPS to $1.00 and FY99 to $1.18 a share; feels that much of the bad news is already in the stock and the risk-reward looks attractive from current price level..... Short Stories Fri 03/06, 1998 ** 12:00 -- 13:00 ET (Updated throughout the hour)**CompUSA Inc. (CPU) 27 +7/8: Dain Rauscher downgrades electronic superstore from 'buy' to 'neutral'..... Short Stories Tue 02/24, 1998 **** BEFORE THE OPEN**CompUSA (CPU) 32 3/8: Prudential initiates coverage with a 'buy' rating and sets a 12-month target of $42 a share... Short Stories Wed 01/28, 1998 **** BEFORE THE OPEN**CompuUSA (CPU) 31 13/16: Retailer reports diluted earnings of $0.36 a share, right in-line with expectations, and up from year ago $0.25 a share on revenue gain of 21.5%... Short Stories Tue 12/30, 1997 ** 14:00 -- 16:00 ET (Updated throughout the hour)**CompUSA Inc. (CPU) 29 3/8 +3 1/1: getting ahead of the news, investors are bidding the share of this computer superstore operator higher on expectations that it will report good fiscal 2Q sales tomorrow..... Short Stories Thu 12/18, 1997 ** 11:00 -- 12:00 ET (Updated throughout the hour)**CompUSA (CPU) 28 3/4 -2 3/16: Southwest Securities starts coverage of electronic and computer store concern with an 'accumulate' recommendation..... Short Stories Thu 12/11, 1997 ** 10:00 -- 11:00 (Updated throughout the hy67umnhour)**CompUSA Inc. (CPU) 30 15/16 -15/16: Lehman Brothers ups rating on electronic and computer retail concern to a 'buy' from an 'outperform' based on valuation..... Short Stories Mon 11/24, 1997 ** 09:30 -- 10:00 ET (Updated throughout the hour)**CompUSA (CPU) 35 5/16 +1/4: CS First Boston selects computer retailer as its 'featured stock of the week' and continues to rate the stock a 'buy'.... Short Stories Mon 11/24, 1997 ** BEFORE THE OPEN ****CompUSA (CPU) 35 1/16: Lehman initiates coverage with an 'outperform' rating... ====================================================================== Archived Upgrades/Downgrades Date Company Symbol Brokerage Firm Initial: Change to: 06/15/98 CompUSA CPU ABN AMRO Hold 06/10/98 CompUSA CPU Salomon Smth Brny Outperform Neutral 04/02/98 CompUSA CPU Hambrecht & Quist Buy Hold 04/01/98 CompUSA CPU Salomon Smth Brny Buy Outperform 03/30/98 CompUSA CPU Hambrecht & Quist Buy Hold 03/02/98 CompUSA CPU Dain Rauscher Buy Neutral 02/23/98 CompUSA CPU Prudential Buy 12/15/97 CompUSA CPU SouthWest Accumulate 12/08/97 CompUSA CPU Lehman Brothers Outperform Buy 11/24/97 CompUSA CPU Lehman Brother Outperform 08/25/97 CompUSA CPU Soundview Fin Hold 06/30/97 CompUSA CPU Goldman Sachs Mkt Perform Mkt Outperform 06/23/97 CompUSA CPU SoundView Hold 06/02/97 CompUSA CPU Salomon Bros Strong Buy Buy 06/02/97 CompUSA CPU CS First Boston Buy ====================================================================== Best wishes James