Sunglass Hut RAYS- Will it ever breakout? Message Board

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Non-Tech : Sunglass Hut RAYS- Will it ever breakout?

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To: Steven Angelil who wrote (12)	6/18/1997 6:46:00 PM
From: The BayWatcher	of 971

I am not woried about an audit since RAYS uses A.Andersen as their auditors and I doubt there's anything wrong. I was also told this was old news as the audit news was known when the stock was in the 30s. Sounds to me like they're repeating bad news to squeeze out and scare some shareholders. W/re: to Steven's praise of the company's founder, I think that the Eye-X creation, which is a total flop, was his idea. With the stock price so depressed the company should be able to lure a great CEO with options at 4 or so and have him/her cut expenses. The new CEO would be an overnight millionaire thanks to cheap options and a return to reasonable valuations (15-18). Can anyone confirm that the current consensus estimate for next quarter is around 33-35 cents? Those are the numbers I get from First Call and seem inordinately high especially given May's 5% drop in comp store sales. I hope someone's manning this ship.

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