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Bombay (BBA) Falls, Flirts With Zero Level

by Ian Stansel (istansel@sir-inc.com) 5/25/2007 12:16 PM

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This morning, home accessories retailer Bombay (BBA: sentiment, chart, options) reported a first-quarter net loss of $15.4 million, or 42 cents per share, compared to the year-ago net loss of $15.6 million, on 43 cents a share. The company said revenue for the three-month period ended May 5 fell 11.9% to $104.6 million from $118.7 million in the corresponding period last year. Same-store sales dropped 10.2%.

Technically, Bombay is getting to the point where it can't decline that much more. In fact, this morning the stock has added almost 5%. Of course, five percent of BBA is only 3 cents. At last check, shares were trading at 65 cents. Three weeks ago, the stock hit an all-time low of 54 cents per share.

The three analysts keeping an eye on Bombay are evenly spread out, with one "strong sell," one "hold," and one "strong buy."

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