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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: American Spirit who wrote (51418)6/18/1999 9:26:00 AM
From: cirrus  Read Replies (2) of 90042
 
BEBE - A few days ago I posted a rule my wife imposed - when it comes to fashion - don't analyze... ask me!

I've owned a drawerfuls of stocks that I knew were screaming bargains that no one else wanted. I eventually learned that the market is usually right. It is unfortunate that BEBE fell 60% from the the 52 week high, but perhaps the high was too high? At a PE of 23 BEBE seems about right. Don't forget, Womens fashions can change quickly, and with the long lead times involved, one wrong turn could hurt. The market discounts fot this risk.

Also, this is a short-term board. BEBE looks like a long term play.
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