tag:blogger.com,1999:blog-34432314.post6402746081098076311..comments2023-10-05T03:19:41.765-07:00Comments on Gene Morphis ' View: Zale CorpAnonymoushttp://www.blogger.com/profile/01960939882079606581noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-34432314.post-38542449033593490772007-09-28T09:34:00.000-07:002007-09-28T09:34:00.000-07:00This morning I saw the news that Zale has made a d...This morning I saw the news that Zale has made a deal to sell Bailey, Banks & Biddle to Finlay for $200,000,000. The price equates to about 70% of annual sales, or 8.7 times EBITDA. I think that is a good strategic move as it will narrow the focus and should enable Zale to get rid of a ton of headquarters expense.Jim Garvinhttps://www.blogger.com/profile/17053373875474386785noreply@blogger.com