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

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To: Michael Burry who wrote (8)10/14/1996 10:40:00 PM
From: Gus Yeung   of 619
 
OK OK. I am a bit over my head. And you are right
about CLE's long term future is not as clear.

In fact, I have seen some form of competition
in local mall already. I forgot the name but it
has a very similar setting as CLE but a little
bit bigger and a little bit brighter but there is
one huge difference; customers or the lack of
customers.

While it is true that CLE is in a highly competitive
market and it doesn't take much to enter its market,
brand name and company image still play some roles
in consumer mind. CLE is the sponser for miss teen
USA (or something like that) and I hope they will
spend more effort to promote itself; it is always
good for the company and the stock price. It is still a long way
before every young girl knows about CLE but at least
it has a head start... and a lot of cash!!!
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