GLG News Analyses of the following article:

Zale 1Q loss widens as jeweler cuts forecast, cautious holiday outlook

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Published at: www.chron.com

Zales Taking Cautious Holiday Outlook

November 26, 2007

GLG Expert Contributor

Zales is taking a cautious holiday outlook. Caution is warranted due to a combination of lower earnings, product positioning, and recent declines in share prices.

Zale 1Q down

November 21, 2007

GLG Expert Contributor

1. Zale Ist Q down to 7% from last year. 2. Zale Shares are also going down. 3. Company has Sell Bailey Banks and Biddle Chains. 4. Zale is looking on Situation to Come through it.

Nicholas White, President

Nicholas WhitePresidentRetail Horizons, Inc 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Zale's Troubles More Than Breeden Capital Expected

November 21, 2007

Activists investors like Breeden Capital, Citadel Investment Group, and SAC Capital Management thought Zale's stock was undervalued.  Now they may realize they have bigger troubles than they expected.  Here's why.

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