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Big Lots Inc. Message Board

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  • b_zerkley b_zerkley Jun 30, 1999 3:30 PM Flag

    eToys hits $85...

    New Merrill update (when CNS was $31) says that
    the weakness is related to the internet in two
    1) Concerns that on line toy sales will cut into
    traditional store sales and therefore cut overall margins,
    2) alot of players are moving into online toy sales
    besides eToys, therefore reducing online valuations
    Merrill believes that the online winners will be the
    existing players such as ToysRUS and K-B because of their
    extra leverage and name brand awareness. Unfortunately,
    this will have to play out to see if it holds true.
    Also, and the proposed KBToys IPO is 6 months or more
    away and in internet mania that's a

    Merrill also said that KB was only showing 3-4% same
    store sales growth this quarter versus a 5% plan (due
    to less than expected star wars sales). However,
    they also said that several other divisions were
    EXCEEDING their targets and that 2Q earnings were on plan.
    They again stated their $60 target and a 1-1 buy
    rating. Me, I recently doubled up at $25 and change.
    However,this drama may take 9 months to play it
    depends on your time horizon if you want to see it
    through. Good investing.

43.29-0.54(-1.23%)Oct 26 4:02 PMEDT