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

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To: BYRON S DOHERTY who wrote (166)1/14/1997 9:48:00 AM
From: Steve   of 619
 
I can't figure this out. I subscribe to Zacks investment research, and this is the most recent update (1/11/97). Now rated Strong sell (5).
If CEO and president feel CLE is undervalued, why are the analysts reporting to ZACKS presenting a feeling other then what we are being led to believe ?

And ZACK's ratings of 1-5 are for 3-6 month appreciation potential........well, if undervalued, wouldn't you expect greater upside than downside potential. This has me concerned.

After all, the Feb. 18th announcement is to show great earnings. Do I smell market manipulation?

I would love to hear your comments as I have held CLE for years.............Archie are you out there? What do you think of this?

Steve

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