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Non-Tech : Claire's Stores (CLE) NYSE
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To: Irene Lynn who wrote (472)12/7/1997 11:53:00 AM
From: Steve Morytko   of 619
 
Irene - I don't see the emotion in Paul's dialogue with you. Perhaps you should reread his notes (and consider your own advice). I can think of a very good reason to cancel the stock buyback too - they're planning to use the money for something else. Value Line suggested that they may be in acquistion talks with up to 3 other companies. What's a better return on your cash - stock buyback or acquisition? Time will tell.
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