Claire's Stores (CLE) NYSE Message Board

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

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To: Paul Bowman who wrote (27)	11/7/1996 5:47:00 PM
From: Gus Yeung	of 619

Well, same store sales is at 7% and overall sales is at 25%. CEO came out again and say the company should make record 3rd qtr and hinted that 4th will be very strong also. The stock seems to have resistance at 15.5 or so but need to wait couple more days to confirm. I still do not understand why the stock would drop from 27 to 15.5 in just month and a half. I just do not understand. Regarding the high inventory. I think CLE has mentioned that since last summer more than 50% of its income is from misc-items. I have walked by the 2 CLE stores in Austin, you will need to put a gun at my head to say CLE has inventory problem. Out of the whole mall, I have observed that 3 stores are constantly packed: 1. CLE (of course) 2. Amy's Country Fast Food (or something like that) 3. Body and Bath. BTW, the CEO also mentioned that they are planning to open 200 new stores next year. Again, CLE has plenty of cash, a good and growing customer base (pre-teen and teenagers), it may keep dropping but I just don't understand. Well, I don't understand a lot of things. Why would people vote for Clinton....

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