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Non-Tech : Candies (CAND) -- fast-growing footwear and apparel brand -- Ignore unavailable to you. Want to Upgrade?


To: Ken Paris who wrote (77)6/11/1999 10:34:00 PM
From: DAVE JENNINGS  Read Replies (1) | Respond to of 103
 
I have a small stake in cand. I have never been involved in this problem before either, but will explain what I have been able to pick up on other boards. The law firms will probably be consolidated down to just one law firm by the judge. A determining factor may be the largest shareholders prefering a certain law firm. This makes sense and is about all I can help you with. I do have an opinion though that unless FRAUD is involved I would prefer that the lawyers stay out of this mess. More info can be found at iionline.com Davej



To: Ken Paris who wrote (77)6/17/1999 1:05:00 AM
From: Charles Skeen  Respond to of 103
 
Just My Opinion. The class action suits are probably no good for anyone, except the lawyers, who are now circling like vultures around a wounded animal. They are hardly ever any good for shareholders. They take a lot of management time to resolve and they take a lot of money to defend -- company (i.e. shareholder) money.

Sorry, fellows. I bailed out of CAND when the first warning came last December. Back then I saw Steve Madden doing much better than Candie's at Roosevelt Field shopping mall. Recently, went to Tanger Outlet Mall, in Riverhead, NY. The new Steve Madden store extremely busy, but hardly anyone at Candie's.

Perhaps Candie's remains financially sound and will have a good Fall. The price will probably be highly oversold when trading resumes and the stock may be a good speculation, but can one ever trust this managment again?