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Non-Tech : Costco, slow but sure? -- Ignore unavailable to you. Want to Upgrade?

To: WalleyB who wrote (804)	12/17/1998 6:18:00 PM
From: Carmine Cammarosano	Respond to of 1147

Jim earnings were good...When you factor out the one time charge (COST) reported a profit of 46 cents a share in its fiscal first-quarter. That was a penny ahead of what analysts expected and 2 cents ahead of last year's profit. Sales increased 11 percent to $5.89 billion from $5.32 billion in the year-ago period. The stock dipped, not a big deal...

To: WalleyB who wrote (804)	12/17/1998 6:56:00 PM
From: Curbstone	Read Replies (1) \| Respond to of 1147

Frankly I'm surprised COST went down at all. All one has to do is read the entire first paragraph of the press release to find that the drop in EPS is entirely due to a one-time charge related to a new accounting method begun this quarter. It that is discounted, EPS figures are actually higher than the same quarter last year. If this drop in price is related to the EPS figures released today then I have lost all respect for the lemmings that are driving this market. I hope these same people pop all their money into Amazon.com and then get cleaned out quickly so the market can return to some form of sanity. If we ever needed a really good correction, it's now. My 2 cents. Mike