SI
SI
discoversearch

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


To: Smart Investor who wrote (1987)3/31/1999 7:45:00 PM
From: Sparky65  Read Replies (3) | Respond to of 3187
 
Boy, I can't smell any bears on this thread. So, forgive me, I will be. First as a disclaimer, I am long CPU. Second,7.2% decrease in sales is insain. That is real bad. It can't get much worse than that. You want to know where the profits went? In the 7.2%. I really hope the street likes this report. But, from my perspective, this is short term very bad. LONG TERM, good. I think that the internet business will continue to grow. You will eventually see some stores close do to the internet. That is fine. It will improve profits.

The stock will probably not move much tomorrow. When the market closed the stock was at 6 15/16. It is now at 7 and about another 300k of shares traded.

Maybe I am not to smart, but I personally think that this quarters profits went with the decrease in sales. If this company continues to loose sales at this clip, they will be bankrupt. It has got to stop.

I have left a message for IR. I want to know what plan CPU has to stop the bleeding on marketshare. I have been to CC and BBY. CPU guys from what I can tell are the most knowledgeable. Additionally, CPU is computers, if the continue to loose business to companies that sell appliances and car stereos, then I think that the quality of management must be questioned.



To: Smart Investor who wrote (1987)3/31/1999 7:47:00 PM
From: TH  Read Replies (3) | Respond to of 3187
 
Yep, I don't understand it either. I will say this, scared is not one of the adjectives I want see used for describing a CEO of stock I own.

I am going to mail this hairball some Valium, Prozac, and Viagra. We will have this guy out there doing the pc jitterbug for the street.

Lastly if he did make a mistake, then he should at least state that "things have changed". Just reporting good numbers won't push us back to 12.

12 is where I want to be. Anyone want to predict what the street is going to do tomorrow.

Good Luck

Thurston