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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?


To: Wes Montierth who wrote (73)1/19/1999 12:32:00 AM
From: Stock Watcher  Respond to of 52051
 
W; on SATH; we'll check it out and get back to you/sounds interesting
(anything with the name Michael Jordan sounds good); welcome to the thread...and thanx for the pick !



To: Wes Montierth who wrote (73)1/19/1999 1:34:00 AM
From: Stock Watcher  Read Replies (2) | Respond to of 52051
 
W; on SATH; last: 11.81/52 wk. range 1.87 - 11.81/23.5M float/on 1/15/98 they announced a weekly sales record mostly due to sales of Michael Jordan related products (even his retirement announcement generated big bucks).

Founded in 1986; Shop At Home is the country's #2 oldest home shopping network. Last quarter they lost .01 per share. 3 months ending 9/98 sales increased to 33.8M from 21.2M in same quarter 97'. Gross profit decreased 41% for a net loss of 238M.

EPS this year: .08/ next year: .26 / This is a difficult stock to review. With internet retail sales going wild, will this new phenomenon effect phone call-in orders from infomercial-type TV & cable programming ?....tough call...we really can't offer any meaningful ideas on this one...but, we will keep an eye on their next earnings report...good luck and keep throwing them at us ! sw