Claire's Stores (CLE) NYSE Message Board

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

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To: Uncle Mikey who wrote (270)	2/28/1997 5:49:00 PM
From: David Harris	of 619

Thanks Mike for The Value Line update. I respect Value Line more than any other publication. Although they are not perfect, they appear to be right most of the time from my experience. The high 5yr. 19.5% eps growth forecast is exactly why I'm not selling this stock any time soon. I'm amazed that this stock fluctuates as wildly as it does, but IMHO this provides excellent buying opportunities. I actually walked into one of these stores w/ my wife and although much of the merchandise appeared as if it came out of a qtr. vending machine, Claire's is getting a couple dollars or more for various items that were made for almost nothing. Thus, a high margin cash machine. I can understand Archie being "cheesed" off at insiders selling off on an inside advantage, and leaving the individual investors "hanging". I've seen this way too many times. However, I think CLE is a good 3-5 yr. holding and if it goes to $11-13 again, I'm going to buy some more. Best regards to all, Dave

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