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No. of Recommendations: 0
When i saw that CLE dropped to 16 and change on dissapointing 4th quarter earnings, I immediately bought. I've owned it more often then not over the past 2 to 3 years, and have been fortunate to make an adequate return by selling covered calls at the right time.
Anways, if they only make a buck this year, at that price the P/E was just fine with me..I see it bounced back up to 18 plus, and I don;t think its a dead cat bounce, either..even with a recession, girls will still spend their babysitting money there.
Word of mouth works well among the teeny-boppers, so I don;t know if there is a lot they could do to increase customer traffic at a reasonable cost. I think some of their products are real dogs (that ridiculous high priced penny candy), but overall the kids are going in. I would probably buy at 18 if I did not already own it. Not much competition (Piercing Pagoda)? I'd like to hear more comments from folks on whether this price is attractive or not.
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