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Non-Tech : CHRS - CHARMING SHOPPES (FASHION BUG STORES)
CHRS 1.565-2.2%2:09 PM EST
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To: donald sew who wrote ()5/10/1997 7:47:00 AM
From: Joel H. Jacobs   of 128
 
To ALL,

I AM CURIOUS as to HOW and WHY this thread got into SI. I haven't noticed before that SI had a category for "Food, Clothing Etc", and am glad to see this inclusion. I have been offline since April 5th.

I have owned this puppy for too long waiting for a comeback ala CACOA some years ago when it went from about $2 to $20 on a similar management change. Since then CACOA along with CHRS, both low end retailers, have declined. Unless CHRS can break through $6.50 in the next few days, I don't see any immediate upside. My opinion is that the move up, to date, has not had any serious volume to sustain it, and that it will drift lower unless the BW estimates are quickly achieved.

If you guys are interested in retailing, take a look at SMRT, WMAR and WSGC if you haven't already done so. They are all specialty retailers with interesting stories, and making money.

Joel J
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