Just For Feet (FEET) Message Board

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Non-Tech : Just For Feet (FEET)

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To: Mark T. Heath who wrote (218)	5/30/1997 9:20:00 AM
From: Walter High	of 750

Mark: I see that FEET has dumped the CFO (the guy who told me over the phone that the amortization of store openings was not a problem). Maybe this is a corporate response to his bad advice?? My hope is that FEET is now back on track and after two quarters of earnings reports in line with the direction it was headed before, it will return to its previous levels. We have already had one report in line with expectations and a second one in three months that shows the growth rate at 35-50% levels may get the stock back up to the mid-20s to low 30s range again. The CEO of another company I once owned told me after a disappointing earnings report that the Street told him it would take three quarters of normal earnings reports to allow the stock to recover its previous price level. He was right about that as it did so in almost exactly that time frame. Of course, I gave up on the stock just short of its bounce because I wanted to buy FEET at that time. Let me know if you decide to get out. Good luck with WDC; looks like it is time to buy more as it dropped in sympathy with the SEG scare. Walter High

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