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

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To: Stephen Steir who wrote (23)9/3/1997 11:07:00 AM
From: Arnie Doolittle   of 202
 
Steven, my sister in law got one of those wooden English butlers for Christmas last year and it was the conversation topic of the day.

Some of the product line is currently in the stores. I suggest that you talk to the store manager. Tell him/her that you're interested in how things are going and that you're a shareholder. You'll be surprised what you find out.

Management, you ask? They have been CEO-less for over a year. Permanent type CEO, that is. Even so, the stock is up from the 3's to its present level. If they hire the right guy, that could punch the stock too but my interest revolves around same store sales. My sense is that the new products will result in a great Christmas selling season for Bombay.

On the balance sheet, the inventory is lean, cash is plentiful and there's no long term debt.

Arnie
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