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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (81924)6/25/2000 2:16:00 AM
From: Night Trader  Read Replies (2) of 132070
 
Mike,
Have you ever been in women's shoes? You might want to take a look at Steve Madden (SHOO), the teeny bopper specialists. It dived last week after its founder was caught wrong-footed in a penny (loafer) stock fraud.

cbs.marketwatch.com

The company itself seems OK and allowing for its large cash position the enterprise value is now 3 times the forward non-interest earnings.Of course teenage fashion isn't the most predictable business but the risk-reward looks tempting here as all the MFs unload.
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