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Non-Tech : The North Face (TNFI) -- Ignore unavailable to you. Want to Upgrade?

To: Marco Polo who wrote (80)	11/23/1997 2:36:00 PM
From: Bollmonster	Read Replies (1) \| Respond to of 236

Ben, You are right that "past performance does not guarantee future results," but in a seasonally cyclical industry, I would absolutely say that you need to take time of year and future earnings horizon into account if you are looking at stock price on a daily/monthly/ even quarterly basis. What is your justification for a high 20's valuation when TNFI is going to have sequentially declining EPS for at least the next two quarters? Bollmonster