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Non-Tech : Cato Fashions - CACOA -- Ignore unavailable to you. Want to Upgrade?

To: James L Wood who wrote (2)	7/20/1998 11:00:00 AM
From: FRANK J CATALANO	Respond to of 28

JAMES CACOA- I LOOKED OVER THE YEAR END #### !! FINANCIAL CONDITIONS- THE COMPANY's BALANCE SHEET REMAINS VERY STRONG WITH CASH,CASH EQUIVALENTS AND SHORT TERM INVESTMENTS ENDING THE YEAR AT $69.5 MILLION. THE COMPANY HAS NOOOO DEBT AND WORKING CAPITAL IMPROVED BY 7.5% to $113.3 MILLION VERSUS $105.4 MILLION THE PREVIOUS YEAR. DURING THE FISCAL THE COMPANY REPURCHASED 1.196,500 SHARES. IN 1998 THE COMPANY PLANS TO OPEN ABOUT 65 NEW STORES and CLOSE 15. GOOD LUCK CAT