Sunglass Hut RAYS- Will it ever breakout? Message Board

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Non-Tech : Sunglass Hut RAYS- Will it ever breakout?

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To: CMon who wrote (947)	1/15/1999 1:09:00 AM
From: neverenough	of 971

From the Bull Market Report, $$$$$ SUNGLASS HUT JUMPS BUYING TWO INTERNET SITES Sunglass Hut (RAYS great symbol!), the world's largest specialty retailer of sunglasses, rose as much as 55 percent Thursday after the company said it acquired two Internet sites and Morgan Stanley Dean Witter raised its rating on the stock. Sunglass Hut closed up $1.75 at $9.125 on Nasdaq, where it was among the most active stocks, hitting $11.50 at one point during the day. COMMENT: We print this here because last year at this time we said that by mid-1999 management would have things figured out and be able to turn this company around. Our thinking was that their franchise is so strong, that it would only be a matter of time before management figured it out! Looks like they have. This is a good example of how to make money on Wall Street. When a company with a good name and good franchise falls on hard times, sometimes the best thing to do is get out the wheelbarrow and load up on the cheap shares. This doesnt always work of course, but many times it does and can pay off handsomely for the patient. $

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