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PERRY DRUG STORES CITED AS 'BUY' STOCK BY TOP-PERFORMING MONEY MANAGER

PERRY DRUG STORES CITED AS 'BUY' STOCK BY TOP-PERFORMING MONEY MANAGER
 PONTIAC, Mich., May 14 /PRNewswire/ -- One of the nation's top- performing money managers, the Nicholson Group, out of Coral Gables, Fla., has recommended a "buy" for the stock of Perry Drug Stores, Inc. (NYSE: PDS).
 Robert Nicholson, president of the Group, made the recommendation while appearing on the nationally televised program, "Nightly Business Report." He said he is recommending Perry after a review of all the strategies Perry has implemented to improve its gross profit margins as well as overall profitability.
 Last year, the Nicholson Group was cited No. 11 among some 3,500 money managers in terms of overall performance.
 Perry, a New York Stock Exchange company with headquarters in Pontiac, operating 208 drugstores in Michigan, is the state's No. 1 drugstore chain and the 14th-largest drugstore chain in the United States.
 -0- 5/14/92
 /CONTACT: Berl Falbaum of Perry Drug Stores, 313-674-7772/
 (PDS) CO: Perry Drug Stores, Inc.; Nicholson Group ST: Michigan, Florida IN: REA SU:


SB -- DE018 -- 0210 05/14/92 12:03 EDT
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Publication:PR Newswire
Date:May 14, 1992
Words:179
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