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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (4224)	5/2/1998 11:06:00 PM
From: James Wright	Read Replies (1) \| Respond to of 29382

I'm not sure why anyone would drop a strong buy rating. The apparel sector is becoming very hot. If you think about it, this makes sense. Many apparel manufacturers are now enjoying the benefits of the so-called Asian flu (after all, every dark cloud has it's silver lining!). On the cost side, off-shore production costs for clothing have dropped. Plus the Asian flu has resulted in exchange rates with Asian countries that are very favorable for U.S. companies. On the revenue side, apparel manufacturers are selling their lower cost goods into a U.S. market with high consumer confidence and increased buying power. SIRN has demonstrated over the last year that it has been very successful at cutting costs and adopting newer technologies. It has shown tremendous strength on both the top and the bottom lines of its balance sheets. When combined with the Asian flu and the current strength of the U.S. consumer economy, I believe SIRN at 7 1/2 is a steal. Given my recent success at picking companies like LGWX, WAVO, THNK, HAUP, LEAP (and now NMGC) just before they started their big runs up (for example, the SI thread on THNK was begun based on my original research), I expect SIRN will be my next trophy. Hope this helps. -- Jim Wright