Claire's Stores (CLE) NYSE Message Board

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Non-Tech : Claire's Stores (CLE) NYSE

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To: Archie Bunker who wrote (19)	10/31/1996 11:22:00 PM
From: Gus Yeung	of 619

So far you are right on and it is good for you and bad for me ;(. I think you do have some good points but I disagree: 1. Insider selling is not always a good indicator. While insider buying usually can give investors some good lead, selling is tough to follow. May be he is ready to retire, may be he has other personal plan. I mention his retirment because he did indicate the current COO is likely to be his successor once he retires (last week IBD). The current COO is the mastermind behind the past 2 years growth (again from last week IBD). 2. 1300 stores is lot of stores, however, their same store sales have been increasing more than 10% month after month. I am more interested to know that we have the biggest pre-teen to teen age population in US (bigger than the baby boomer) and more than 50% are female. So what? If CLE remains competitive (which I believe it will), it has a VERY strong customer base. In addition, I also believe UK will be helping the bottom line this year. Japan may be an unknown at this time. I think you will be making pretty good profit in the short term. I hope I will be right in the longer term (a year or so). It seems like $17 may not hold (in the short term). Good luck. gus

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