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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (2750)	9/15/1998 9:27:00 AM
From: B Tate	Respond to of 4634

Bill I agree with your assessment of Costco, however one of the TA traders I follow is calling for a potential short term short trade. He believes that you/we may be able to buy a lot cheaper over the short haul. Think I'll wait for a bottom to be indicated, I might miss a few points but when it goes north it should stay north. regd bt

To: Bill Wexler who wrote (2750)	9/15/1998 12:05:00 PM
From: Merg	Read Replies (1) \| Respond to of 4634

Finally a really quality stock pick. I have owned it since 26 for all the reasons you list. Some time ago a friend of mine bought 6 cases of champagne at a Costco store. The clerk mistakenly rang up the sale as 6 bottles and my friend took home his purchase thinking he had gotten a lucky break. The next day the manager called my friend to say he had caught the mistake and requesting immediate payment for the balance. They are on top of everything because their margins are so slim.

To: Bill Wexler who wrote (2750)	9/15/1998 12:17:00 PM
From: Market Tracker	Read Replies (1) \| Respond to of 4634

Bill, If you like Costco, you should really like Ames Dept. Stores (NASD:AMES) in the same industry and currently selling for ~ 1/5th the price (12 1/4), and with approximately the same growth rate. Take a look and I think you'll like what you see. MT

To: Bill Wexler who wrote (2750)	9/15/1998 1:00:00 PM
From: Spunky Beaver	Read Replies (1) \| Respond to of 4634

Bill, There aren't any Costco stores here in my area, but if they are like the Sam's Clubs, then I don't think it would be wise to characterize them as recession proof. Many Mom & Pop stores, clubs, lodges, groups, etc. buy their cookies, cokes, and whatever from these type of stores and they would be the first effected by a recession. As a result they would buy less stuff from Costco or a Sam's Club. These stores are always going to appear busy, but in hard times, don't expect people to be buying those 6 cases of champagne and loading up on the 35" TVs, personal computers, and the Michelin tires. They will stick to the low margin grocery and sundry items. Considering that COST has a P/E ratio of 27 something, I don't see how it could be any much better a stock than INTC with a P/E of 26 something. If you want a good safe stock that has the potential of great growth, low P/E, high stability, recession proof, and buy out possibility, check out BLS. It's my favorite long. IMO, another good long that fell too far in the past month is KO. I'm pick some of that up right now.

To: Bill Wexler who wrote (2750)	9/17/1998 10:35:00 AM
From: Cosmo Daisey	Read Replies (1) \| Respond to of 4634

Bill, More money laundering by TRBD """WOODLAND HILLS, Calif., Sept. 17 /PRNewswire/ -- Turbodyne Technologies Inc. (Nasdaq: TRBD; EASDAQ) announced today that its board of directors has authorized the company to buy up to $3.5 million of its shares of common stock. The Company has approximately 41 million shares of common stock outstanding. ''The repurchase program demonstrates our confidence in the company's future and supports management's belief that the company's common stock is significantly undervalued at current market levels,'' said Turbodyne's Chairman Edward Halimi. ''Additionally, at its current trading levels, we believe the stock is an excellent value and that the repurchase program will serve well our stockholders and the company. """ Insiders and 5% holders have filed to sell about 2MM shares in the past year. It appears as though the retail buyers have disappeared so the company will be buying shares to try and support the price. August announcments to sell were 87,700 shs which equals $4,385,000 at $5 per share so the feeble attempt to buy back shares is a farce.