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Strategies & Market Trends : Value Investing

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From: Paul Senior	11/22/2011 10:35:07 PM
	Read Replies (2) of 78746

Shoes: Market didn't like Shoe Carnival (SCVL)'s quarterly report last week, and didn't like yesterday's from Collective Brands PSS (Payless): stock was down today. finance.yahoo.com Company's going to divest itself of some under-performing stores --475 stores in the next three years out of 3794 domestic and 670 international. So there'll be more restructuring and lease termination charges, and stated bv likely (I'll guess) will drop. If these expenses are no greater than what analysts will estimate, then perhaps if business improves, adjusted earnings might meet or beat analysts estimates. Which I assume would not make the stock drop on the quarterly announcements to the extent like today. For me, I'll assume the stock's near a low for now, unless the general market drops further. I've added a few shares. I'll guess the stock isn't going to recover a decent amount - assuming it does - for at least a few more quarters. For me, I might be okay with holding a few shares for maybe a couple years. Although I'm not sure I have the confidence or patience. For anybody else, I'd not call this stock a buy now -- more of an avoid-and-seek-better-opportunities-elsewhere.

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