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Non-Tech : PCTY Party City Corporation
PCTY 152.07-1.1%Dec 23 3:59 PM EST

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To: hrsriver who wrote ()9/22/1997 9:51:00 PM
From: JCS   of 26
 
I bought this at about 16 in Feb. and recently sold about 30% at 27 so I still own the stock. I can't find any current info to account for the increase other than they are buying back franchises which adds to profitability. Other than inventory, the stores must be very cheap to set up, and I suspect that they get high margins. I'm familiar with single service disposables and those margins look huge. Also, as they get bigger they will increase their purchasing and distribution effectiveness. It's the old retail category killer story.Here's a link that gives some old information. The FORTUNE story of a year ago gives a 1 year target price that has already been blown past.
pathfinder.com@@gzSdIAQAkBMWMsiC/money/hoovers/corpdirectory/p/pcty.html
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