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Non-Tech : Sunglass Hut RAYS- Will it ever breakout? -- Ignore unavailable to you. Want to Upgrade?

To: Gary who wrote (717)	12/5/1997 1:53:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 971

Gary, I wouldn't agree that RAYS is doing the little things it needs to do. Actually, those are pretty big things -- closing down stores and restructuring. The impression I've gotten from the recent numbers is that the store closures are going slowly, and there has been virtually no reduction in the cost structure (sg&a). Hauslein could have completed two restructurings by now. I'm holding not because I have any confidence in the management or the company at this point, but because barring a disaster, $6 seems to be a hard floor, and the general movement of the markets over time should carry this stock up a couple of points at some point in '98. So why sell if I can get another 30%? I wouldn't put another dime in, though.

To: Gary who wrote (717)	12/5/1997 2:08:00 PM
From: Steven Angelil	Read Replies (2) \| Respond to of 971

Thanks for the good thoughts Gary. I'm not saying I'll never buy Hut again. If I do, it will be just to trade, not to INVEST in. Looking back, this at times has been a great trading stock for 1/2-1 point at a time, but lately it just seems to lay there. I agree they seem to be doing some things right with respect to hiring people from big time companies, cutting bad stores, slowing growth-but my problem has been the lack of bottom line results, which leads me to believe that Hauslein has got to go back to being the Chairman only. I always wondered why they never addressed a new CEO after their first announcement. Go back and look at their press releases over the last few monhts and there is NO mention of what their plans/intentions are regarding a full time CEO. That has caused some frustration as well. I must say, I feel somewhat relieved to be out from under this thing. Now I'm doing homework on some "safer" stocks. I am looking for a grocery store stock and a Rx stock. Any preferences Gary? Anyone? Good luck again, I'll be watching(from the sidelines) Steve