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Non-Tech : BBY -Best Buy -- Ignore unavailable to you. Want to Upgrade?

To: Ron Kline who wrote (598)	11/4/1998 1:30:00 PM
From: yard_man	Read Replies (1) \| Respond to of 980

I'm sorry Ron. I'm not reco'ing you do anything. However, on shorting or buying puts. You get considerably more bang if you can identify a problem before analysts, i.e. slowing economy and sales particularly vulnerable to such a slowing. Once something is downgraded officially, much of the downside has already been missed. BBY has had very rapid growth in stores and earnings and the stock price itself. It is the kind of stock that I like to take a look at to see if there are any potential chinks in the armor, especially since it is so popular and we are now in the prime season for retailers. I would not short it now from a fundamental basis, but after Christmas I might short or buy puts again. First time was a bit of luck and noticing the lack of much of a response to the "good" earnings announcement. I put "good" in quotes, not because I'm suspicious, but because it wasn't received that well by the street -- they expected even more. Hope that's a little more clear.

To: Ron Kline who wrote (598)	11/5/1998 4:48:00 PM
From: Rainy_Day_Woman	Respond to of 980

Ron: i like it long term too fyi LOS ANGELES (CBS.MW) -- Recently, we alerted you to a number of SuperStar mutual funds on the comeback trail after being hit hard in the summer correction (some of these were blue-chip-focused funds, while others were more aggressive). Real bargains. Buys at discount prices as we look ahead to the Dow's reaching 10,000 by 2000. So I asked myself the obvious question: What stocks do these pros see as bargains? Better yet: What are these managers actually buying during this recovery? Then the latest InvestmentNews, a new weekly print publication for financial advisers, appeared serendipitously on my desk with a story titled "Bargains! Bargains! Bargains!" I couldn't resist. The article listed 40 stocks that "the pros say have been unfairly spooked by the summer selloff." As a result, "many are trading at bargain prices not seen in years." The fact that these 40 stocks are being actively purchased by these managers is an important reason investors should take a close look at them now. Moreover, InvestmentNews has some of the best research we've seen in a while and, therefore, deserves broader exposure, so we're passing these recommendations along to you. Check them out: · Acorn USA Fund: Robert Mohn (AUSAX) Lincare Holdings (oxygen therapy) (LNCR) CalEnergy (power production) (CE) · Papp-America Abroad Fund: L. Roy Papp (PAAFX) American Power Conversion (power packs) (APCC) Molex (electric and telephone connectors) (MOLX) · Ranier Core Equity Fund: David Veterane (RIMEX) HCR Manor Care (health care) (HCR) Men's Wearhouse (clothing retail) (SUIT) Ingersoll Rand (equipment manufacturing) (IR) · Safeco Income Fund: Tom Rath (SAFIX) Chancellor Media (radio) (AMFM) Quantum (disc drives) (QNTM) Family Golf Centers (golf ranges) (FGCI) · Safeco Growth No-Load Fund: Tom Maguire (SAFGX) Emmis Communications (media) (EMMS) Conseco (health and life insurance) (CNC) · Chicago Trust Growth & Income Fund: Nancy Scinto (CHTIX) Health Management Systems (HMSY) Tellabs (phone connectors) (TLAB) EMC (computer storage devices) (EMC) · Kemper-Dreman High-Return Fund: David Dreman (KDHAX) Philip Morris (tobacco, food, beer manufacturing) (MO) BankAmerica (banking and financial services) (BAC) · MFS New Discovery Fund 1: Brian Stack (MNDAX) Cambridge Technology Partners (media) (CATP) Envoy (health-care claims processing) (ENVY) IDX Systems (health-care software) (IDXC) · Oppenheimer Global Fund: Bill Wilby (OPPAX) Societe Bic SA (lighters, pens, razors), on the Paris exchange Fresenius (dialysis, Germany) (FMS) Telecom Italia Mobile (cellular phones), on the Milan exchange · Aronson + Partners: Kevin Johnson Best Buy (retail electronics) (BBY) Avis Rent-a-Car (automobile rental) (AVI) Varlen (machine tool manufacturing) (VRLN) · McKinley Capital Management: Alex Slivka Liberty Media (television) (LBTYA) · Snyder Capital Management: Alan Snyder MaxiCare (health care) (MAXI) Kelly Services (temporary labor services) (KELYA) Wallace Computer (paper supplier) (WCS) Pier 1 Imports (retail) (PIR) · ValueQuest: Katherine Magrath Humana (managed care) (HUM) Columbia HCA (health care) (COL) Air Transportation Holding Co. (air freight) (AIRT) · Wells Asset Management: Rex Wardlaw Washington Mutual (banking) (WAMU) Fort James Corp. (paper manufacturing) (FJ) Allegheny Teledyne (stainless steel) (ALT) · Wells Asset Management: Katherine Shapiro Donaldson, Lufkin & Jenrette (brokerage) (DLJ) Alliance Capital (money management) (AC) AXA UAP (insurance, France) (AXA) SwissCom (telephone, Switzerland) (SCM)