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Strategies & Market Trends : Brand Name Values and Turnarounds -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (59)	6/24/1999 4:13:00 PM
From: Bob Rudd	Respond to 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.