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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (15797)	3/7/1999 10:34:00 PM
From: backman	Read Replies (3) \| Respond to of 90042

CHS electronics... from herb greenberg: 2/2/99 Distribution dollop: CHS Electronics (CHSE:Nasdaq), a distributor of electronic products outside the U.S., continues to put a positive spin on its own story. Well, ahem, today Tech Data (TECD:Nasdaq), one of the largest electronics distributors, which does biz in the U.S. and Europe -- where the economies are strong -- blew up. Yet CHS, which does a good deal of its business in Brazil, Latin America and countries where business is lousy, is supposedly doing well. and then, 3 weeks later, from the motley fool "Feb 25, 1999 (6:27 PM ET) - The Motley Fool Evening News Computing products distributor CHS Electronics (NYSE:HS - news) tanked $2 3/8 to $7 13/16 after announcing preliminary Q4 EPS of $0.47, up from $0.45 a year ago but below the current Zacks mean estimate of $0.66. The company said it has discovered discrepancies in the amount of vendor incentives recorded in Q4 from the manufacturers whose products it distributes, adding that it is investigating the problem. Final results for the quarter and fiscal 1998 will be reported "no later than the week of March 15," the company said. Besides the typical uncertainty that the words "discovered" and "discrepancies" breed when used together in the same sentence by a company, investors may also be reacting negatively to the fact that today's warning ends CHS's record of beating analysts' estimates for eight straight quarters. J.C. Bradford cut its rating on the firm to "neutral" from "strong buy." i'd pass david