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Non-Tech : Mossimo

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To: adam segel who wrote (29)4/18/1997 11:29:00 AM
From: adam segel   of 81
 
well everyone- it seems as if this company continues to find ways to screw things up

the announcement this morning undoubtedly caused all of the buyers of the last few days to blow out- thus causing today's precipitous drop

things should improve however for the following reasons

1) company has strong brand name and wide appeal
2) one of company's main resellers- Gadzooks (GADZ) is doing very well
3) another store that used to sell MGX but declined after falling out with Mossimo himself was pacific sunwear - a company whose stock has been red hot

if they can patch things up- it would be a major boon to MGX sales

4) as far as i know - expansions are continuing at quick pace- but perhaps faster then they can handle

if anyone talks to the company- please try and find out what is going on

adam
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