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

To: witurac who wrote (2139)	4/11/1999 3:24:00 AM
From: Susan Lynn	Read Replies (3) \| Respond to of 3187

Everybody who actually visits the stores reports that they are busy. I live in Boulder, CO and they just opened a new store here, which is the only game in town after Egghead closed shop. It's to be expected that CPU had to take a huge hit from absorbing the buyout of Computer City stores. Management is quite shortsighted, lacking in any imagination whatsoever, and I see that as the biggest problem, but not an insurmountable one. Put Doom on the shelves and it will sell. It doesn't get any more basic than that -- and if your kid wants a computer game, he wants it now, not next week, shipped from cyberspace. Let's not forget how very much we all demand instant gratification. CompUSA is one of the few retail outlets that supplies chipheads with their fix.

To: witurac who wrote (2139)	4/12/1999 11:03:00 PM
From: J.Y. Wang	Read Replies (1) \| Respond to of 3187

The problem for CPU is that even if it is a "value play", value stocks are in the toilet right now. No one gives half a damn about value stocks right now. It's all hype, momentum, or growth that people care about. There are hundreds of "value" stocks -- many of which are better plays than CPU -- which are still undervalued and underappreciated. Nothing will change until there is a correction in the market. The value stock which may go up 20% in six months to a year is a joke in a market where an internet stock can go up 20% in six minutes, 50% in a day, and 200% in a week. Markets are guided by fear and greed -- there is too much greed and not enough fear right now. Greenspan needs to step in. As it is, there are even legitimate questions about whether or not CPU is a value stock because of its management and business prospects. Buy.com sells stuff below cost. Onsale is going to sell stuff at cost. (Both are supposedly going to make money on the advertisement -- I bet SNL was in their strategic planning department.) I bought a Palm III at buy.com for $209. I believe it was $349 or $369 at CompUSA. WTF? I bailed at 7, and I am glad I did but pissed because I should have bailed at 7 1/2 or 7 3/4. If CPU hits 5 or 4 then I might look at it again, but until then it seems like it's doomed to be stagnant.