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Author: TMFTwitty Big funky green star, 20000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 269  
Subject: Claire's Back in Fashion? Date: 3/10/2005 2:44 PM
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Claire's Back in Fashion?
By Stephen D. Simpson, CFA
March 10, 2005

Teen-oriented king o' bling Claire's Stores (NYSE: CLE) had been on a heck of a run. Bottoming out around $6 in 2001, the shares had risen to more than $27 in 2004 on the back of strong growth fueled by a seemingly endless supply of teenagers' disposable income. Since then, fears of slowing growth have lopped off about 20% of the company's market cap. The stock currently trades around $22 a share.

As ever-fashionable colleague Seth Jayson pointed out previously, these sorts of declines in otherwise solid stocks sometimes produce buying opportunities. I have to agree, with the caveat that anybody expecting a quick buck is likely to be disappointed...
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