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Zale Corporation Message Board

  • if they hold on to their assets, they could be really worth something. i still come back to watching phm at 4 and now it is at 20$. too bad i never held on for the ride. i like the jewelry segment a lot. i think zlc could be taken out very easily. my best guess is SIG could take them out at like 7 or 8 dollars.

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    • sig could easily issue stock and buy zlc for $8-$10 per share and have the transaction be accretive very quickly...consolidate marketing and purchasing, cut out most of the corporate SG&A (total corporate overhead of $91.2mm in FY 2012 including ~$33mm of unallocated overhead), close unprofitable stores as leases expire...sig could then keep the zales brand and perhaps make it focused on diamonds and engagement...I for one would love to get SIG stock in such a scenario and believe the stock would trade up significantly on the announcement...

      That said, if there is no deal, the board needs to do something here...streamline the business by shedding non core assets and turn the US fine jewelry business into a growth story again...management has had three years and has done a decent job, but there's a limit to shareholder patience...

      • 1 Reply to cdti17
      • Thanks for at least being able to see the situation I see. I hope it happens. I have quite a lot of my money in Zales from very recently. Generally I don't stick with trades as long as I should but I am hoping this one is different. I might have to sell another stock if I need to free up funds in the future cause I think this one is easily going to $8 in the very near term. I would hate to sell now and look back and think I should have held on for the ride higher. Good luck with holding this thing.

 

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