I have taken the liberty of reposting the following from the "Z Best Place.." thread. Very interesting.
To: Bradley W. Zohn (2841 )
From: Larry Shapiro
Feb 14 1997 3:47AM EST
Reply #2862 of 2872
Chat - CLE --Found this posting from CLE's management:
Subj: Info on Claire's Stores
Date: 97-02-11 13:59:32 EST
From: G Canary
This is Glenn Canary - Director of Investor Relations at Claire's
Stores. I'm enjoying following the discussions about Claire's even
though sometimes I wonder what company the "experts on Claire's" have
been watching. For the record, we never said earnings will be
40% ahead of last year. We said earnings will be more than 40%
ahead. Analysts' concensus is that we'll make 95 cents against last
year's 66 cents and we have said we're comfortable with that.
We'll release earnings figures on February 18 before market opening.
I wouldn't bet against us meeting expectations. Also for the record,
February (the first month of our new fiscal year) has started very
well, right on plan. And, incidentally, we finished Fiscal 1997 with
record sales and earnings "by a significant margin" and we have no
debt and more than $90 million cash on hand. We're planning to open
175 - 200 new stores in Fiscal 1998, without acquisitions, and we're
looking hard for appropriate acquisition candidates (we're talking
to some right now). Also incidentally, why haven't I read anything
lately from the "experts" who were predicting that Claire's is going
bankrupt? Finally, I have two suggestions. 1. If you want to know
what the real experts think about Claire's, look into reports from
analysts at PaineWebber, Raymond James, Southcoast Capital, JW Charles,
and ValueLine. 2. Or call me at 954-433-3900 or write me
at www.clairestores.com. Lots of people do and I always talk to them.
found this on AOL stock board. Larry Shapiro |
