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Non-Tech : OAKLEY- NYSE:OO

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To: BAXTERBOO who wrote (597)6/24/1997 1:14:00 AM
From: Dr. Jeff   of 1383
 
You may have seen some of my other posts regarding RAYS (Sunglass Hut)! I think they are a company in obvious trouble. Their stock is trading at less than $6 a share and still no real support! Their CEO just resigned, the IRS is auditing them, shall I go on! The people that they hire in their retail outlets have little to zero knowledge of sunglasses. It really is appaling the apathy they have. I will say unequivocally that I HATE SUNGLASS HUT!!!!! I see the stock going as low as maybe $3 to $4 a share. Fortunately, Oakley is not as dependent on them for sales as was previously perceived. They (RAYS) are still their single biggest customer, but actually sell more product to their other retailers, and they are adding new retailers all the time. Once again, Europe and Asia are really sparking up with nice sales growth rates. "OAKLEY's FOR EVERYONE!" Regards, Jeff...
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