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Strategies & Market Trends : Brand Name Values and Turnarounds

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To: Paul Senior who wrote (59)6/24/1999 4:13:00 PM
From: Bob Rudd   of 82
 
Paul: I just glanced at BSMT: Looks like long term debt they had in 96 has migrated to become short term debt. Q mentions floating rate. In rising rate environment this would push costs up as rates slow consumer activity. Same store sales are sagging..not good. Was reading a peice on K-mart earlier today noting how rare and difficult successful retail turnarounds are.
I agree with call option way of viewing. Looks like a long shot.
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