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

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To: Duane Heverly who wrote (230)2/7/1997 8:20:00 AM
From: scott   of 619
 
The press release read more than 40 %. While I agee they may not beat the .99 which some were looking for, even at .93 Claire's is trading at 16 times earnings. So the downside is limited and 150-200 new stores is pretty good growth.

16 pe and 40 % growth that spells undervalue.......
Forward looking 40 % growth in earnings from .93 = 1.30 = 11.5pe...

I don't know if they can keep up the pace but I think the downside is limited.

Scott.
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