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Non-Tech : CompUSA (CPU) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (1247)	2/12/1999 6:50:00 AM
From: Bill Wexler	Read Replies (1) \| Respond to of 3187

By the way...if you need any more convincing that CPU is grossly undervalued... Federated just paid $1.7 Billion + assumed $300 million in debt for Fingerhut (FHT). That means FD paid roughly 1x sales so they could get Fingerhut's internet presence and mail-order. CPU currently has $400 mil. in the bank and about half that in debt. The company is currently trading at .20x sales and a market cap of about $1.1 Billion. It is setting up its fastest growing businesses (mail order, internet) as a separate company. Frankly, every analyst on Earth can babble on about lower ASPs and competition from Best Buy. But my own two eyes tell me there's a lot of very valuable retail space, a well-known brand name, and a fast-growing direct sales business, etc. etc. selling for an unbelieveably low price. I'll hang on for however long it takes, because sooner or later this stock is going to trade significantly higher.