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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LakesideTrader who wrote (9970)	2/25/1999 6:12:00 PM
From: Lane Hall-Witt	Read Replies (1) \| Respond to of 56532

Of the major booksellers, I think BGP has the most long-term upside potential. It's amazing how badly it's been beaten down: a complete crisis of confidence within the investment community. It's a great value play, much better than AMZN and even BKS. Someday, they will even figure out the Net game and become a major player. The questions, of course, are when they'll win back the confidence of investors and when they'll emerge as a bona fide Internet play. It's hard for me to approach BGP as a short-term or even an intermediate-term play because it's so hard to anticipate when they will gain respect on the Street. But I think it's got much potential as a longer-term hold. The downside risk, at least, has to be minimal at this point, assuming you're able to hold for any length of time at all. I can't believe this stock is available in the 13s. A steal!