Claire's Stores (CLE) NYSE Message Board

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

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To: John Miz who wrote (4)	10/13/1996 11:50:00 PM
From: Gus Yeung	of 619

The only concern I have is the earning estimate is pretty high. I think the estimate is (was) $1.45 (Jan/97) that implies a 46% increase. While CLE has gang buster results for the first three quarters, it is also comparing against three easy quarters from last year. The next two quarter will be up against stronger previous results. To be honest, my personal estimate is actually higher ($1.6, totally un-scientific), I don't have there are much room for errors. The main reason I am long on CLE is because 1. they have a LOT of cash and 2. they are the leader (or the only major player) in their market and 3. their market does not depends a whole lot on the general direction of the economy. I think they will be the next Gap (8 billon market cap?) !

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