Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Microcap & Penny Stocks : CHAUS (CHS) The most undervalued stock on NYSE! -- Ignore unavailable to you. Want to Upgrade?

To: RCJIII who wrote (21)	3/22/1999 5:36:00 PM
From: TraderGreg	Respond to of 87

I noticed that as well. Did a double check and realized their symbol was HS. Wonder how many actually bailed on that. TG

To: RCJIII who wrote (21)	3/22/1999 5:40:00 PM
From: Bob Walsh	Read Replies (2) \| Respond to of 87

Thanks - I checked it out - CHS Electronics (symbol HS) was down 33% to $4 today as they had to restate earnings - since all the headlines say "CHS" it is a plausible explanation. It also could be some profit taking, but at this level, it doesn't seem to make sense to be dumping although I suppose some short term trading could be going on. I still like the odds, while realizing the risks. If the fall line start shipping in June, shouldn't the orders be coming in for production around now? Any further insights appreciated. (I wonder why if they didn't just take this thing private when the recapitalization occurred, but I'm pleased they did not. But with only a small percentage of shares left outstanding, I wonder if they considered it. Too late now, a "fair price" would be well above the current trading level.)

To: RCJIII who wrote (21)	3/22/1999 6:53:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 87

RC, I agree. Here's the write-up in the WSJ: <NYSE-traded CHS Electronics plummeted 2 1/16, or 34.4%, to a 52-week low of 3 15/16. The company posted fourth-quarter earnings of 23 cents a diluted share, compared with its year-earlier 45 cent profit. CHS said it will restate lower its second- and third-quarter results to reflect overstated vendor rebates. Credit Suisse First Boston, Cleary Gull and NationsBanc Montgomery Securities lowered their ratings on CHS.> AS