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Chart Strategies : BBAO
Concerning BBAO, the chart indicators are showing a downtrend currently. With the TRIX(7,5) falling, the MACD falling, and the -DI and +DI converging negatively, this looks like it is going to land around .013 to .015 which is where it closed Friday.
I do notice that this has bounced twice off of the TRIX(7,5) and also off the MACD. This is generally indicative of another bounce for the most part.
I would watch carefully at the PPS while it is around .015. This seems to be the make or break point. If the PPS can stay above .015 then I feel this has another bounce potential, but if it falls above it then I say get what you can while you can until it consolidates.
JM2CW
daily/weekly charts.........
2/19/08 HILCO CONSUMER CAPITAL ACQUIRES THE BOMBAY COMPANY, INC. BRAND
Hilco Consumer Capital and Gordon Brothers Group acquire all intellectual property of the Bombay Company, Inc.
Toronto (February 19, 2008) - James Salter, Chief Executive Officer, Hilco Consumer Capital Corp., today announced the completion of the acquisition of all intellectual property and the URL of the Bombay Company, Inc., excluding Canada. These assets, which include the Bombay name, will be placed in a newly-formed company, Bombay Brands LLC. As the managing partner, Hilco will focus on revitalizing, extending and maximizing the value of the Bombay brand through a pure licensing strategy.
Mr. Salter also announced that John Collins, Chief Marketing Officer of Hilco Consumer Capital, has been named President of Bombay Brands and will oversee work to cultivate and adapt the brand into a thriving internationally relevant and dynamic market leader in the home furnishings industry.
Mr. Salter stated, “Bombay Company Inc. has tremendous brand equity in the global marketplace and we believe consumers will continue to embrace the classic styles of the brand moving forward.”
Mr. Collins stated, “Looking ahead, we will work strategically to create a new positioning in the marketplace for Bombay Brands LLC, to revitalize, extend, and maximize the brand in the global retail marketplace through strategic retail licensee and brand franchisee partners.”
About Hilco Consumer Capital, LLC
Hilco Consumer Capital (“HCC”) is a leading private equity firm that makes strategic investments in consumer lifestyle Brands through acquisitions of manufacturers, wholesalers, intellectual property and retailers. Hilco specializes in the acquisitions of North American companies from $25 million to $250 million normally as the controlling shareholder.
Hilco’s current portfolio includes, Caribbean Joe®, Tommy Armour Golf®, RAM Golf®, which includes Zebra Putters and Teardrop Golf. Also included in their portfolio are Bombay Brands LLC, and the iconic designer brand Halston®, which it controls jointly with the Weinstein Company. HCC is a unit of The Hilco Organization, a Chicago-based, international provider of diversified financial services, including business asset valuations, asset acquisition and disposition services, M&A services, special situation debt and equity financing and retail consulting.
About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group is an advisory, restructuring and investment firm specializing in the retail, consumer products, real estate and industrial sectors. The firm provides a wide variety of services to companies at times of growth and restructuring. Gordon Brothers Group capabilities include asset valuations, dispositions and appraisals, real estate consulting, retail store operations, capital solutions, restructuring and advisory services. The firm has unparalleled expertise in assisting healthy and distressed companies to maximize the value of their underperforming assets. During the past three years, GB has appraised over $100 billion of assets, managed more than 7,000 stores, sold more than $10 billion of inventory and restructured or sold over 120 million square feet of retail space.
Media contact: CMO, Hilco Consumer Capital
Name: John Collins
Phone: 416 682-5680
Email: jcollins@hilcocapital.com
Chart since we have broke through the 50 day MA maybe the 100 day MA is next, that would be nice...
BBAO Chart
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