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Strategies & Market Trends : Value Investing

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From: Paul Senior9/11/2009 11:27:33 AM
   of 78747
 
Starting to accumulate Foot Locker (FL).

footlocker-inc.com

Not great profitability (roe), and sales seem to have stalled. However, in FL you get a large company with international presence, stock at $10.70 below tangible bv ($12.70 as reported by SI), with a 5.5% div yield. Cash exceeds ltd. Until 1/'09, previous nine years were all profitable.

si.advfn.com^FL
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