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

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To: Steven Angelil who wrote (520)8/23/1997 1:30:00 PM
From: Elwood   of 971
 
To all: Even though Hut didn't make the street's numbers, we have seen quite a turnaround in the company. With all the events of the last six months, from inventory buildup, pissing off their suppliers, CEO resigning, store closings, and changing the basic business fornula, the bounce back has been significant. Insiders stepping up to the plate and buying, mgmt decisions on closing unprofitable stores quickly, inventory reduction, and finally hiring a competent person to run the watch stations. Rays is still the best and cheapest place to purchase shades, and the also have the best selection. I was very worried when they 'changed their game' and began opening up higher overhead outlets in lge retail stores, and moving towards catalogue sales, and the controversial Watch Stations. All ideas getting away from what got them here in the first place. But I do believe fresh mgmt has made all the right moves so far, and we will continue to see added growth and increased profitibility. With any kind of luck the stock price will surpass $12 and head to $20 with regained momentum. Might be time to buy!

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