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Non-Tech : Sunglass Hut RAYS- Will it ever breakout?
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To: StormRider who wrote (15)6/18/1997 10:03:00 PM
From: doc   of 971
 
Having been in the optical retail biz for 15 years you could see this coming from miles away. I shorted them in the 30's and covered at twenty. Should have gone to sleep at the wheel. Anyway NOBODY needs all the dead retail locations they have. THEY ARE OVERPAYING for many of there NE LOCATIONS. Up to $80 a sq ft. and they have NO VOLUME to speak of. I have been walking by one of there best locations every day and watching the trade IT IS NONEXISTANT. Smoke and mirrors got them hear and NOBODY is going to buy them out to get those locations who sells lenses.

Doc.
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