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Non-Tech : Any Regis RGIS Followers Out there?

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To: Mesaba who wrote (12)6/18/1997 5:35:00 PM
From: Bigpoppabass   of 14
 
There is still time to get into RGIS, but my only concern is that I really can't decipher their earnings so I can't tell you with confidence that the stock is a buy. If you read the business section of any paper, the p/e is listed at 63. I learned about Regis after holding some Supercuts, and I have been holding since the acquisition. The translation price after the Supercuts purchase was 26, and now the stock is at 23, so I'm still losing here. But after learning more about the co. (FMR Corp., the parent of Fidelity bought a controlling stake when the stock crashed), and that insiders have made open market purchases (and they must hold the stock for at least 6 months), after reading Peter Lynch's first book (the section on Supercuts), where he states that the hair cutting market is a 40 bill. annual business, the co. continues to pay a small dividend despite its troubles, and the slow upward march back to 23, I am encouraged about the future for this co. I guess we'll have to wait to find out.
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