or $7.7B mkt cap. My estimate of a KBtoys spin
off being worth $2B is way off. This could double CNS
market cap by year end, especially if they spin off the
company to the holders after the IPO. Merrill Lynch was
right, this is worth $60 (plus). Good investing.
Here is a blip from the article referenced in the
"Another one I like is
Consolidated Stores (CNS 15 5/8). It is trading at $16 and
down from a high of $39. They had a blip in earnings
that was unexpected. Consolidated Stores is a closeout
company as well as a toy retailing company. The toys are
doing so, so. It is the world leader in closeouts. This
is a $4.8 billion company. Many times we have
purchased shares after they come down, and gained 50% to
100%. They are on our Buy List and we are looking for
$30 in 12 to 18 months."
Did not buy yet just started to research. I did
notice today that the trading was practically 100%
institutional. Is that typical for CNS? I also noticed that
between 9/98 - 12/98 of last year the stock was heavily
downgraded. Was that totally due to missing earnings or was
there something else also?
stock looks really attractive especially expanding into
the online toy sales this year. It appears to me that
the almost 30% one day drop in July was an
overreaction. Can anyone provide me with the downside risk to
this stock as they see it? Am I missing
If the tech is good enough to entertain an
individual, why spend the bucks? My brother still plays
Atari! Not eveyone needs the latest and greatest, or
what the marketing departments want us to perceive as
the latest and grtest.
I recently purchased a used Super Nintendo system
with a dozen games for under a hundred bucks. My son
(9 years old) doesn't even look at N64 anymore. His
friends come over and they just want to play Super
Nintendo. My son and his friends should be the top market
for the new systems, but that ol' Super NES was just
to damn good a machine, with endless titles.
Has anyone heard why software sales aren't
performing well? Everyone seems to be fixated on hardware,
but whether or not people are waiting for price
rollbacks or the Sega system, the more fundamental issue is
what's wrong with the titles?
Thanks, man. I'll miss you and the many people
I've had the joy or working with over the years very
much. YOU have my e-mail, stay in touch. I wish things
were different, but that in itself is the problem.
Best of luck to ALL of you and.. Go Consolidated!
You have an excellent leader at the helm, and I have
full confidence that he will continue to grow this
company in years ahead! May Intrepid have all of it's
bugs worked out, may allocation truly work for you,
and may the jobs in the field once again be rewarding
and fun! My 13 years with the company have been
mostly very rewarding, and I wish you ALL success going
-Retail Warrior signing off
You Have Been An Eloquent Spokesman For All That
Is Right With This Company. I Know I Speak For All
In The Family In Saying It Is Sad To See A Member
Depart, But We Hope It's All For Your Best. Good Luck On
Your New Endevours, And Stay In Touch
"Insiders" can sell their stock off at any time.
As a "long-term" insider, I can only say "watch your
step". . . There are alot of politics going on inside of
the machine. Fair ye well. .
I wish you the best,
as I do the company itself. Goodbye and good luck. I
have just exited the company, and wish to leave in a
proffesional manner, so I wish you all well and hope you all
excell in your individual endeavours! My best to all,
and much success to each and everyone of you!
Insiders are only allowed to exercise their
options a few times a year. This "window" was a few weeks
ago, and the stock had been on a great run, so they
figured the time was right to exercise some of their
options. They still have many, many more options in CNS,
but they had to take advantage of the nice run-up the
stock has had. Don't read too much into the insiders
selling...they all know that this stock has a bright future. I
hope my "inside scoop" makes you feel a little better.