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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (9357)12/18/1999 1:52:00 PM
From: S. maltophilia  Read Replies (1) of 78525
 
Saucony is a stock I owned for a while back when it was Hyde (bought @ 3+, sold @4 7/8, watched it sit there for years and thought I was a genius-g-). I completely missed this recent run to the 20's. Be aware, though, that its book value is ~$9/share, with 6.3 million shares out combining A & B, not the 2+ million some online references indicate.
I don't recall the exact terms of the A&B shares, except that A had more voting rights and is mostly held by insiders, and B is entitled to a better dividend which isn't being paid out in any case. ClassB shares generally trade better. If I'm serious about it, I vote with my feet.-g-
I've used their shoes for years both for running and for everyday wear because of the big toe box. Lately it seems to have shrunk, and they have yet to match the Jazz 2000 & 5000 shoes. But that's just me talking there.
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