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

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To: Mr. who wrote (254)2/18/1997 9:11:00 PM
From: Uncle Mikey   of 619
 
Although I don't think today's price action was anything really significant it amazes me that any analysts were disappointed by the earnings. These people must not spend anytime 'analyzing' their companies. I emailed the company directly last week and asked if they might meet the .99 earnings estimates posted by ZACKS. I received a reply, which I posted in this thread, that they were comfortable with the .95 firstcall estimate but that .99 was too high.

The company said it was too high. So how could any of these analysts continue with their estimates unchanged?

All this aside, the earnings were good. Eventually the growth of the company will be reflected in the stock price.

Mike
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