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To: GT who wrote (6968)10/22/1998 8:23:00 PM
From: JEB  Respond to of 119973
 
All the mid and high end retail stores should do poorly the last quarter of this year. Retail sales are starting to come in lower. Case in point, Neiman Marcus (NMG):

go2net.newsalert.com

Sears (S) is another that will have dismal figures (If it holds it's current trend). LOL...check this out:

cbs.marketwatch.com

First Call must have assumed they're earnings would be low anyway and gave them a low estimate. In other words, they lowered the bar. All Sears had to do was step over it.

Best Buy (BBY). Razor thin profit margin of 1.7%. Now there is coverage:

Message 6100384

I disagree with the analysts reasons. All of them! I see it as a good short. I notice I'm not the only one who sees trouble:

Message 6107579

JEB