Claire's Stores (CLE) NYSE Message Board

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

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To: Brad Bolen who wrote (502)	12/25/1997 11:44:00 AM
From: Henry Muller	Read Replies (1) of 619

Brad, The only surprise is why this company got hammered down so badly recently on no news. Others in the sector seem to be likewise affected by the "poor christmas sales" rumors and a lack of understanding about the Asian crisis and how it affects these companies. The thinking is, CLE sells in Japan, which is in Asia, thus their sales will be affected. I don't think that will be the case; like in the U.S., Japanese teenage girls have lots of money to spend and don't concern themselves with economic crisis. Turn around should continue as we the approach the earnings report. Best wishes for the Holiday Season. Henry

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