Claire's Stores (CLE) NYSE Message Board

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

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To: Larry Myers who wrote (519)	2/7/1998 5:32:00 AM
From: Steve Morytko	Read Replies (1) of 619

"Same store sales" down 3% and uncertainty about new management are a couple of probable concerns. This stock behaves in strange ways. I sometimes wonder if CLE doesn't manage the analysts well. It is sort of interesting that there was a lot of emphasis on this coming Q's earnings after the COO retired, then 2 analyst upgrades, then SSS down 3%, now we await earnings. Generally WS favors mgmt that can smooth out the bumps. Maybe CLE could do that better. But it's hard to argue with consistently good earnings. Also, the catalogue is just getting into customers hands (I wonder which store they assign those sales too <G>) and earnings have been promised to be good. I don't think either is priced in yet. Maybe the "street" wants to actually see the hard numbers? It has been said that SE Asia problems will help keep costs down. I'm not counting on it. It would be a nice surprise but probably not realized this Q. To be honest I wouldn't be surprised to see the price move up or down a couple of points from here but by summer be in the mid 20's. Does that help? <G> My CLE game is based mostly on patience.

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