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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: virgil vancleave who wrote (12982)	6/28/2000 9:55:00 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 14162

virgil, I don't know much of the details, but I wondered if a lot of the debt is connected with the Hills acquisition. Long term debt went from 96M in Jan1999 to 422M Jan2000, so it seems to fit. As a percent of equity, it was probably a lot lower when the debt was incurred. As long as the revenue is there, it seems this should not be detrimental. Of course the weak sales in recent months are a concern, but if they do make anywhere near the latest projected $2.51 for Jan'01, and especially if the monthly numbers make the turn, I can't see much downside. Really glad I didn't jump in a couple weeks ago at 12 though. I was tempted, but waited for a double bottom with the May low that never came. You are right about the retail group, and I have looked at those charts. They all look like bargains to me with a hint of a recent reversal bottom on a few (AMES, ANF, TOM). As always.. time will tell. Thanks for the input. Dan