Bombay (BBA): Time for a run up? Message Board

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Non-Tech : Bombay (BBA): Time for a run up?

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To: Stephen Steir who wrote (19)	9/2/1997 10:45:00 AM
From: Arnie Doolittle	of 202

Steve, index funds are for people who don't want to think for themselves. They get what the herd gets - or doesn't get. Period. And I couldn't care less about the home furnishings industry. BBA is not a housing start play. Nor is it a furniture store in the classical sense. In fact, you'd be hard pressed to fill a room with furniture bought there. BBA is a home decorating accessories company which hit hard times, not due to a housing slump but due to their own mistakes. IOW it's a turnaround play. They've reshuffled the deck and are introducing mucho new products. As you may know, Bombay's stores are in leading malls throughout the U.S. and, as a result, are in high traffic areas. Most of their products are cash and carry, with few if any requiring delivery. The balance sheet is clean; plenty of cash, no long term debt. If the new products click with consumers, look for the stock to run quickly to 11+ and test last year's highs. That's my opinion and I'm sticking with it. If you look at a chart you'll see where support and resistance are and realize the significance of last week's price action. It was a red letter week for the stock, the sign of more to come. Arnie

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