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Non-Tech : Bombay (BBA): Time for a run up? -- Ignore unavailable to you. Want to Upgrade?

To: Don Vito who wrote (152)	12/12/1998 11:26:00 PM
From: Ed Perry	Respond to of 202

<< I still look for sales growth to be the key >> Margins were also cited as a critical factor. The Summer / Fall inventory cleanout increased sales but at the expense of margins. Meanwhile, inadvertently, the consumer is being trained to expect perpetual markdowns. I have no way of knowing, it's very internal stuff with lead times, letters of credit payment terms and all, but I would think that a reduced cost basis from Asian suppliers would have to affect margins in a positive way. We will not know about this until the time of the next 10K. Also, this, like other long term declining stocks was and is under tax-loss selling pressure. If there is a hint of a share price appretiation then expect a good January effect beginning toward the end of December. Ed Perry