Michael you are missing the point, Paul Harris is a recovery stock they went down the tubes. Then hired a new CEO who just happened to be the CEO who made Claire's what it is today. She has taken them from the brink back to profitability and the street loves her.
The same can be said for Ann Taylor, once they dumped the super witch
the company was able to attract new people who are engineering a turnaround albeit a slow one. Charming shop can also be thrown in this group.
Claires on the other hand has over 1400 stores, how many malls are left for expansion. They have 3 stores in every mall essentialy carrying exactly the same merchandise under different store names.
Hello, how stupid do you think the consumer is? Look at the numbers
they get their increases from new stores, the growth in same stores
sales has decrease, sounds like we got a problem.
International growth, international overhead, duties, consumer taste,
logistic problems, employees, sounds like a new business.
The market is not stupid, they have specialist who have nothing better
to do than do what ifs'. Your statment about IBM was the exact reason they were caught sleeping at the switch.
My advise to you is stay in sectors you understand, I personally hate it when these market makers outsmart us and take our money, I want our side to win! If you worked with IBM you have to know a tremendous amount about the teck sector, what an advantage!
In case your wondering, I own, Pauh, Ann |
