Claire's Stores (CLE) NYSE Message Board

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Non-Tech : Claire's Stores (CLE) NYSE

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To: Cub Fan Dan who wrote (424)	9/13/1997 11:56:00 PM
From: Archie Bunker	of 619

Dan your right, actually they have split in each of the last two years. The rally last year was killed after the CEO sold 900,000 shares of his own stock. After that blunde its never fully recovered, I laos heard the Japan business is not as good as expectedAsia is a mess with the devaluation of all of the currency, real estate mess and a general recession. The japanese are very brand conscience and Claire 's is not a brand, this is what scares me about international expansion. They buy most of their inexpensive items from the far east where any good retailer can source, so where the beef. I'm hoping for a buyout from a bigger retailer to consolidate the business, Woolworth's Afterthoughts, is the perfect match. The CEO of Claire's is 80 something the only way he can get his money out is sell, time is on our side. Go Cubbie's

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