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 (561)	8/2/1998 7:20:00 AM
From: KLINVESTOR	Read Replies (1) of 619

Larry Myers, Claires stock performance has certainly been weak over the past year or so but the stock price is not reflective of the underlying earnings growth of Claires during this time. Claires certainly has not trailed the industry miserably on a performance basis. Earnings grew something like 28% last year and 48% the year before that. This years first quarter was relatively good on an earnings basis especially since they had a fair bit of start-up costs on the catalogue. With the favorable same store results in June and hopefully a repeat in July we should start to see sizable earnings growth again. My first purchases of CLE was in 1994 at a split adjusted price of around $4-5 per share. It was just a little over two years later when it hit $26 and of course the past two years it has been very volatile and basically treading water. I firmly believe that CLE will see a significantly higher stock price soon as I believe the RAGs acquisition, catalogue, and continued new store growth will start to push earnings growth above the 20% annual growth rate again. How many of these large cap stocks with PEs around 40 have growth rates that high. Good luck.

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