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: David R. Schaller who wrote (51)	2/11/1998 8:56:00 AM
From: opalapril	Read Replies (2) of 202

Apart from the mundane and overcrowded nature of the industry, BBA's fundamentals look very good. New CEO announcement (or conceivably, merger with company that already has one) is overdue (can't be worse than BBA's last husband-and-wife team who were unceremoniously dumped two years ago). Jettisoned the unsuccessful oak concept a year ago, with positive results. Old inventory sold off by the end of '97. Sales on gradual upslope since 3Q of '97. Asia problems only lower cost of goods for BBA. Strong board. Good interim CEO. Back to (slight) profitability, improving quarter-by-quarter. Traditional and new inventory concept look good and are compatible with customer preferences. No corporate debt. Excellent mall locations. Opportunities for expansion, stand-alone stores, or mergers and acquisitions very good. Remember, this stock ran up to $40+ two or three years after the IPO and declined primarily because the husband & wife idiots who took over tried to introduce their countrified tastes, a wrong turn now overcome. Only Street perceptions remain as a hurdle on the way to $12 or more this year and $20+ 18-24 months out.

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