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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Carphone Warehouse - Best Buy acquires stake

November 2007

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CPW
  • Price:
  • 345p
The acquisition of a near 3% stake in recent TMI portfolio additionCarphone Warehouse by Best Buy, the largest US consumer electronicschain, has set the cat among the pigeons and sent the shares backtowards all time highs. Some analysts suggest it could be a prelude toa full bid by Best Buy and at worst it represents a clear vote ofconfidence in Carphone. The purchase follows last year’s formation of ajoint venture between the firms under which they agreed to open 150 to200 mobile retail stores in the US and mostly within existing Best Buyoutlets. Carphone is a share capable of significant medium term out-performance. Keep buying. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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