Just For Feet (FEET) Message Board

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Non-Tech : Just For Feet (FEET)

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To: GERI EASTER who wrote (261)	7/28/1997 9:09:00 AM
From: Walter High	of 750

Geri: Thanks for replying. It is nice to finally have someone on this thread who has a contact at FEET rather than just those of us who can only offer opinions and speculation. In the retail business, sales are almost always up year-to-year; it would be absolutely disasterous for a business to report that sales had declined. The key question is how much sales are up. FEET has traditionally reported same store sales increases in the double digits. Do you know if sales for the quarter ending in July are going to exceed 10%? Some of us lost quite a bit of money on FEET when it dropped from 38 to 14. I had to meet margin calls and eventually cash out of the stock when I ran out of extra cash to put into it. I don't know if you have read all the messages on this thread, but I personally was misled by FEET's CFO when I called and asked about the problem of amortizing store opening costs. I am now looking to make some of that back and I would like to buy August options. Knowing how sales have been going is key to the potential movement of the option prices. Any help you can provide would be greatly appreciated. Thanks. Walter High

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