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Non-Tech : Mossimo ( MGX ), Vans -- Ignore unavailable to you. Want to Upgrade?

To: Guy Gadois who wrote (37)	6/7/1999 5:02:00 PM
From: kent barkouras	Read Replies (1) \| Respond to of 43

Perhaps you should read my post again. I stated that with any realization of strong fall orders the stock will take off. The company has been tight lipped with any information regarding fall orders. I expected that CEO Lewis would comment sooner about their fall success. Obviously, this has yet to happen. I am still extremely confident about the turn around and continue to acquire the stock on the dips. Once again, any news that confirms their successful fall line will drive the stock through the roof. Remember, management controls almost 10,500,00 shares, with an additional 1 million shares being held by institutions. This, combined with a short position of close to 1 million shares means that the float is only 2,500,000 shares. If you examine what happened back in December, you will notice that a short squeeze caused the stock price to soar. I would expect the same once the news comes out. As for my due diligence, I know that Nordstrom, Bloomindales, Macys, and even larger retailers are excited about how the new fall line looks, and are looking forward to rolling it out in July and August. If you also review Mossimo's financial statement for the last quarter, you will notice that the $1,500,000 loss included an additional $1,000,000 in marketing expense compared to last years quarter. This expense is directly related to the fall line. It also indicates that the bleeding of the company is over and that the reorganization is working and having a direct effect on the bottom line. So, if sales do increase dramatically as expected, look for Mossimo to certainly be in the black by the fall quarter. And, look for them to earn close to $1.00 per share for the the next 4 quarters. From then on, the sky is the limit. Lets just wait and see!! KGB