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Non-Tech : CDWI CD Warehouse -- Ignore unavailable to you. Want to Upgrade?

To: Luis who wrote (137)11/28/1998 11:39:00 AM
From: Ron Kline  Respond to of 550
 
IBD Notes:
CD Warehouse jumped 5 3/4 to 18 on volume of 216,00. The Oklahoma City-based company owns and franchises stores that buy and sell used CDs. By purchasing used discs for $1-$4 and reselling them for $6-$9, the stores have produced profit margins of 60% plus. A third of sales comes from new-CD sales, which generate traffic but carry margins of under 20%. After-tax profit margin reached 5.9% in the third quarter, the company's highest in nine quarters...


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