I think it really due to two other issues: 1) CompUSA lost focus and began to get into more consumer electronics (TVs) as opposed to remaining in their niche,
2) with so much invested by Mexican investors recently (over $2 billion), and the US Dollar slipping against pretty much every significant currency (including the Mexican Peso!), the investors' capital investment would have lost money even if CompUSA was nominally profitable. I think it is more a matter of these particular Mexican investors pulling out of a US investment due to currency devaluation when it is held in US $, plus the relatively poor performance of CompUSA to boot. I do not foresee the US $ becoming stronger as long as we have a mad man at the helm continuing to mortgage our great-grandchildrens' futures for the self acclaimed Greater Good with his insane swipe at Iraq that serves no real purpose than to line the pockets of the various corporations that profit from the war. Further, the Chinese hold a lot of US securities, government and private, and at some point they too will tire of the slipping US $ valuation and dump those securities. You think gasoline and food is expensive now? Just wait until that piper gets paid! CompUSA is just the first of several such bailing foreign investors to come, IMHO... Gil > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED] Behalf Of Allen > Sent: Wednesday, December 19, 2007 5:43 AM > To: [EMAIL PROTECTED] > Subject: RE: [NF] CompUSA to close (was Re: [NF] -Digital Photo Frame) > > > buy online and lose more jobs > Allen > > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED] On > Behalf Of Michael Madigan > Sent: 18 December 2007 23:49 > To: [EMAIL PROTECTED] > Subject: Re: [NF] CompUSA to close (was Re: [NF] -Digital Photo Frame) > > There just isn't enough money in selling computers retail. > > They closed the NJ stores last year. > > > No virus found in this outgoing message. > Checked by AVG Free Edition. > Version: 7.5.503 / Virus Database: 269.17.4/1189 - Release Date: > 18/12/2007 > 21:40 > > > > [excessive quoting removed by server] _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
