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Non-Tech : HOMEBASE (HBI) -- Ignore unavailable to you. Want to Upgrade?

To: Gary105 who wrote (65)	7/16/2000 7:25:41 PM
From: Sergio H	Respond to of 99

Hi Gary. Nice to see HBI rolling out a new strategy rather than simply waiting to be bought out. Earnings for the next year are expected to go in the red, so this new gameplan comes at a critical time. The fundamental ratios are intriguing, particularly price to book and price to sales. The stock is selling at 1/10 book and almost exactly at sales. Thanks for pointing out the insider buying, but institutional support has been mixed, with more selling than buying, over the last 3 months. Although over the last week there was some solid block buying once again. HBI going with Omnicom for the advertisement shows that they are seriously making a run. Could get exciting, particularly with the huge short position in this stock. Sergio