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

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To: BYRON S DOHERTY who wrote (332)6/17/1997 2:31:00 PM
From: scott   of 619
 
I received the same email. They wrote that they are actively looking for acquisitions. But, speculated that if they don't acquire someting they may buy more back. He wrote that it was up to the chairman.

One has to wonder with the company doing record business , why is the stock not at a record price. IMO the stock has been diluted. With the amount of buy back. There is more outstanding now than before buyback.

Growth in US? Where? Saturation point, I think they are there.
Product mix seems to be trending to acces. (lower margin) not jewelry.

We are all at the mercy of Rowland Schaeffer.

Regards
Scott
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