Montgomery Securities issued a BUY on July 8, headlined:
"Wolverine is Hitting on all Cylinders"
Montgomery says, "The Hush Puppies line continues to be strong, the Wolverine Footwear group gains momentum with several new products, Caterpillar boots/shoes are hot in the U.S. (in addition to Europe) and the slipper business is beginning a transformation with a new sales and marketing team."
WWW also will sign a licensing agreement with Coleman, which "should enable WWW to better penetrate mass merchants and big sporting good chains."
The price fell below 25 despite a strong 2Q earnings report, with EPS up 31 percent over 2Q96. |
