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Non-Tech : Claire's Stores (CLE) NYSE
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To: Henry Muller who wrote (503)12/27/1997 9:12:00 AM
From: Al Morford  Read Replies (1) of 619
 
In the scheme of things Japan is insignificant at this time.However, Claire's will benefit from the weak Asian currencies as about half of their goods are purchased there.

The stock is weak mainly because of these 3 factors:1- crappy market
2- perception that xmas retail sales in general will be less than earlier predictions 3- One analyist from Raymond James reduced rating on stock. In his opinion same store sales are flatish and he reduced 4th quarter est by 2 cents - from 60 to 58.

When the market starts to focus on next years earnings and strong fundementals the stock should move to the mid 20's. With the new catalog comming and the Rags acquisition there could be a lot of interest in the stock. The stock is selling at 12x next year est of $1.40. For a company growing at 18%, this is cheap. Claire's has excellent managenent, a lot of cash, and is one of the most profitable retailer's in the US. almo1@visi.com
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