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Non-Tech : Claire's Stores (CLE) NYSE
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To: Charles L. Bushey who wrote (93)1/4/1997 2:57:00 PM
From: Uncle Mikey   of 619
 
Earning estimates etc from ZACKS:

I took a look at ZACKS and the consensus 5 year growth rate for CLE is currently 18.63%. Individual estimates range from 15 - 20%. The 18.63 is a drop of 1.21% from the cnsensus a month ago. Zacks does not give details as to why.

Of the brokerages reporting to ZACKS:
4 rate CLE as a strong Buy
2 rate CLE as a moderate buy
1 rates CLE as a hold.

Consensus estimate is for:
$1.01 for the year ending 1/97
$1.17 for the year ending 1/98

So...this stock is currently selling at just 11x the earnings of the forward fiscal year. There is either: (1) something driving this stock down and is not readily visable at this time, or (2)this stock is being driven down for no sound reason in which case it is a tremendous buy.

I tend to think it is a great buy. I think there is the potential of some more downside, but taking a longer term view I think I'll buy come Monday morning.
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