Claire's Shines With Its Glitters and Balance Sheet

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May 30, 2005
What interests do a thirty something guy and a teenage girl share in common? Unless they are related, probably nothing. But if the guy is a value investor like me, chances are they will both like Claire's (CLE). Clare's is a chain store selling jewelries and clothing accessories to girls age 7 to 17. It has about 3000 stores, about 2100 in North America, 700 in Europe and more than 100 in Japan. Its merchandises range from $2 to $20 in prices, with an average price of $4.