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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (20652)	2/12/2005 5:33:16 PM
From: Carl Worth	of 78673

historically it looks like CHIC has been a great buy when it reaches the 10 area, and then wait for their results to improve and the market to like them again it appears their inventory is under good control, so the underlying book value is probably of fairly decent quality, diminishing the overall risk the significantly negative same store sales are a definite concern however...offsetting this would be the insider buying and the tone of their recent earnings release, which is quite matter of fact and shows they are working to correct their errors, rather than glossing them over all in all CHIC appears to be a decent risk/reward, especially if it were to dip back near 10, though i would feel more comfortable if i had any idea at all about women's fashion, and where CHIC fits into the overall picture <g>

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