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Non-Tech : DESIGNER HOLDINGS
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To: HARRY SINGH who wrote (13)3/12/1997 6:04:00 PM
From: Michael Collins   of 86
 
Harry,

Earnings are out! .16 but .20 if you take out the expense resulting
from the termination of the agreement with Donna Karan. If anything
this was a very good announcement wasn't it, unless I'm missing
something???!!! When will the market value this baby correctly
i.e. > $20 as it deserves? Analysts estimates for this coming year
under Zack's is $1.19. A multiple of 20 times that gives us a target of
about $24 by the end of the year. What do you think?

Sincerely,

Michael Collins
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