Claire's Stores (CLE) NYSE Message Board

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

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To: BYRON S DOHERTY who wrote (269)	2/27/1997 2:17:00 AM
From: Uncle Mikey	of 619

Value Line just came out with their quarterly review of Claire's. In summary here are some highlights: They expect earnings growth of 19.5% over the next five years, a slowdown from the 39% gain in this past year, but they add :Can anyone call this [earnings increase] shabby?* They explain the big price drop from last summer's high as being caused by institutional holders who liquidated holdings that were aquired at $2.80 - $7.60 a share in prior years. They expect double digit same store sales growth this year. *They estimate the number of stores will increase from 1570 in 1996 to 2060 in 2000/2001. In general it is a very upbeat analysis. They rate it 2 for timeliness (Above Average)

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