Message Font: Serif | Sans-Serif
No. of Recommendations: 0

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...
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.