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Non-Tech : Claire's Stores (CLE) NYSE
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To: Joan Osland Graffius who wrote (192)1/20/1997 10:15:00 AM
From: BYRON S DOHERTY   of 619
 
It makes no differance in regards to CLE weather they are clearing inventory via markdowns. The inventory CLE carries can be marked down 50% and still carry a 60% margin. That is a little exagerated, but point made. In Great Falls, there are no markdowns going on here either. In regards to Dan's remarks, I find the TA approach interesting, but I do not beleive evaluating charts can define how a company will perform. It is just one way of looking at a company. In regards to lack of interest in the retail sector, this is definatley true. Yes, the stock has split twice. The return on a long term haul is definatley ideal, noting that CLE has been has been on a good path ,both domestically and internationaly.Trust me, you will be hearing some good news on CLE. In regards to CLE's last report. that report does not have the value to it, that most stores apply. Christmas sales is not an important factor to CLE.
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