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Books-A-Million Inc. Message Board

  • thestockster2000 thestockster2000 Dec 23, 1999 9:18 AM Flag

    KIDE up 4 on CNBC mention

    <EOM>

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    • The Wall Street Transcript Publishes
      Specialty
      Retail Stocks Report

      NEW YORK, Dec. 23
      /PRNewswire/ -- Amy Ryan, First Vice President
      with
      Prudential Securities, where she covers specialty retail,
      examines the outlook for
      Specialty Retail Stocks in
      this timely and deeply informative 2,800-word
      interview
      from The Wall Street Transcript (212-952-7433)
      or
      http://www.twst.com/info18.htm.

      1) In a vital review of this evolving sector for
      investors and industry
      professionals, this Specialty
      Retail Stocks Report features an in-depth analysis
      of
      the sector by leading expert Amy Ryan, First Vice
      President with Prudential
      Securities, where she covers
      specialty retail.

      Specialty Retail companies are at
      a crucial juncture; with investors focused on
      evaluating and trying to
      differentiate which business
      models will succeed.

      Ryan discusses the outlook
      for specialty retail stocks, including the impact of
      the Internet and offers her
      current stock
      recommendations.

      Ryan forecasts mixed results for sector firms over the
      holiday season, ``Tiffany (NYSE: TIF - news) is
      very
      dependent upon the holiday selling season. Their business
      in the United States has been very strong, due
      in
      part to some of the marketing programs they put into
      place to communicate to shoppers that they don't
      have
      to be millionaires to shop at Tiffany. Also,
      continued new product launches have been helping their
      sales. Also,
      there seems to be good demand for
      jewelry in general as Zale Corp. (NYSE: ZLC - news) has
      also been
      showing some strong sales.''
      (Note:
      In a TWST.com 2/22/99 interview, Ryan recommended
      Tiffany's which traded at $28 and, after a
      2-for-1
      split, closed at 82 13/16 on 12/23/99. An excerpt of her
      recommendation is available free
      at
      http://archive.twst.com/notes/articles/gag480.html).

      Ryan asserts, ``The book retailers are also very
      dependent on the holiday selling season for the bulk of
      their
      earnings. Interestingly, during the second and third
      quarters of this year, Barnes & Noble (NYSE: BKS -
      news),
      Borders (NYSE: BGP - news) and Books-A-Million (NYSE:
      BAMM - news) all posted comparable sales that
      were
      in excess of expectations, despite continued growth
      in online book sales. Overall, I'm relatively
      optimistic
      regarding the outlook for the companies in my universe.
      Even Costco (Nasdaq: COST - news) and BJ's
      (NYSE:
      BJ - news) have had very strong sales of holiday
      merchandise thusfar.''

 
BAMM
2.560.00(0.00%)Feb 27 3:55 PMEST

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