Claire's Stores (CLE) NYSE Message Board

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

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To: Paul Bowman who wrote (30)	11/12/1996 9:52:00 AM
From: Paul Bowman	of 619

Earnings in today at First Call's high estimate, .16/share. CEO raving about the coming holiday season. So far today there's been no movement on the stock. I'm thinking wall street must believe the growth days of CLE are behind them, with First Call showing forward looking earnings growth estimates at 15%. This would make the stock fulyl valued now at around $16. Yet with plans to open 200 new stores next year, that 15% will be hit in '97 just by store growth alone, not to mention the same store sales increases the company keeps getting. IMHO this stock is way undervalued now, but it may be a while before people take a second look at it and notice.

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