Thursday, May 18, 2006

Bombay Downward Spiral

The Bombay Company (NYSE:BBA) sneaks out a very late press release Wednesday evening with more bad news and invites everyone to the conference call Thursday morning. Mitigating bad news with a schoolboy trick to avoid investor questions. Declining sales and a huge inventory mean negative cash flow and increasing reliance on bank debt. Is there even time left to save this one?