SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Spiegel(SPGLA) -- Ignore unavailable to you. Want to Upgrade?


To: Abel Vieira who wrote (10)12/27/1998 8:14:00 PM
From: David L. Carter  Read Replies (1) | Respond to of 89
 
I bought a few thousand shares last Thursday without a lot of DD. This weekend I came to the following conclusions:

PROS
1. Great brand name strength Eddie Bauer, Spiegel.
2. Great top-end revenues.
3. Great model/Mail order(Spiegel) to Internet.

CONS
1. Crusty management.
2. Lousy promotion of company, place in the Internet,etc.
3. Losing money.
4. Web site is weak.
5. Huge float.

I think I may have jumped the gun to quickly. Things could change very quickly if these guys formed an Internet division with aggressive management. Still seems like a good value at these levels.