Claire's Stores (CLE) NYSE Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Al Morford who wrote (450)	12/3/1997 3:16:00 PM
From: Chris Nevil	Read Replies (1) of 619

Your comment about Bear Stearns surprised me and I checked with the company. They did not downgrade Claires; you may be thinking back to a downgrade from Strong Buy to Buy by BT Alex Brown on November 12th. The reasons in the Alex Brown report were basically those discussed elsewhere here (flattening comps) but the analyst maintained a $28 FY 1998 price target and particularly seemed to like the Mr. Rags acquisition. As for the director who sold shares, the company I.R. pointed out to me that their directors are compensated only in options, which the director was exercising. Perhaps that takes just a bit of the sting out of it. Chris

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next