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


To: epicure who wrote (2526)6/7/1999 12:06:00 AM
From: Michael  Respond to of 3187
 
Hoping CPU is not another "Sports Authority"
cbs.marketwatch.com

Clueless Investor

When faith isn't enough
The Sports Authority downgraded

By David B. Wilkerson, CBS MarketWatch
Last Update: 11:13 AM ET Jun 4, 1999 Sports Sidelines
Personal Finance News

FORT LAUDERDALE, Fla. (CBS.MW) -- Sometimes you'd have to be clueless to hold onto shares of a company just because you have faith in its management.

PaineWebber analyst Aram Rubinson has been a booster of The Sports Authority (TSA: news, msgs) for 16 months. But he's taken a hard look at the specialty sporting goods retailer and, even though he still admires its CEO, he cut his rating on the stock to "neutral" from "buy."

Sports Authority reported that same-store sales for May dropped 6.4 percent from the same month a year ago. Total sales fell 8.5 percent to $113 million.

In a statement, Chief Executive Marty Hanaka blamed "continued weakness in .....



To: epicure who wrote (2526)6/7/1999 8:38:00 AM
From: TH  Read Replies (1) | Respond to of 3187
 
Agree,

The other side, even if you don't agree with their views, can be one of your best resources.

Hope this runs for all the longs, you guys deserve it.

BTW, Halpin cannot read.

Good Luck

Thurston