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 (601)	9/12/1997 9:49:00 AM
From: Gary	of 971

Steve, I agree 100% with you thoughts. But anyone who buys at this level and expects to double their $$ in 6 mos is crazy. I bought at 7 in Dec.96 and at that time expected to wait 12-18 months for the turnaround. I am encouraged with the moves Rays has made (paying down debt, closing unprofitable stores, hiring the inventory specialist, etc), and I now think I will be vindicated, but I still must be willing to wait until late spring or summer for the stock to retrurn to the low teens. It might even take longer. But this is a turnaround situation, after all. Patience will be rewarded, I believe, but be prepared to wait for the corporate moves to begin paying off. Gary C.

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