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: needawin who wrote (120)	5/22/1998 6:13:00 AM
From: David R. Schaller	Read Replies (1) of 202

needawin, I wasn't to happy with 1st quarter results. I know they were in line with projections, but we've had a 3% increase in sales and margins suppossedly improving from last year. Lo and behold we're still running at a 5% loss on every sales dollar. I had hoped to see that $.10 loss/sh cut in half. Short term I would think that the overstock situation will help margins. Some of the product will not be replaced when sold. Not sure of their accounting methods but if all 5-10mil is sold w/o replacement it could improve bottom line by $3-6mil over the rest of the year. Overstock can be worked off to the retailers benefit if its not actually "dead" stock, requiring huge discounts and affecting the sales of other product lines. I guess I'll give it another quarter but I am losing confidence that they really know what they're doing. What happened to the new President anyway? We haven't heard from her have we? Regards, Dave

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