Mark,
These periodic slumps in the stock price seem to come after
FEET has turned in a terrific quarter. I think people believe
it is just not possible to keep up such a growth rate so they figure
they are getting out at the top. As long as FEET continues to open
new stores at the current rate, though, substantial growth should
occur.
I take the opportunity to visit FEET stores when I travel. I
have been to stores in Atlanta, Huntsville, Birmingham, and San
Antonio. I always talk to the manager to get a feel for what is
going on in the company. I have been uniformly impressed with the
quality and enthusiasm of the management. They are all extremely
hard-working people who believe in the company. They all have good
things to say about the vision of top management and the continual
rate of innovation in the company.
FEET is managed by an agressive group of people who have a vision
of growing this company with the same success as the people who did
Walmart. I think they can do it and am betting a lot of money that
they will turn me into a millionaire.
You have to be tough to ride the ups and downs, though. I have
been considering trying to sell out at the top and buy back at the
bottom. Timing is, of course, very difficult, but the FEET chart
seems to follow a distinct pattern. If it hits 50 this time, I might
sell and hope to buy back in at 35 later.
I would like to hear anyone else's opinions about this stock and their experiences with it. If anyone has a different perspective about the company or its management, it would be good to know. Thanks.
Walter |
