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Non-Tech : Just For Feet (FEET)
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To: Mark T. Heath who wrote (315)8/21/1997 8:33:00 AM
From: Walter High   of 750
 
Mark:

Watch for the 10-Q which should be posted in about two weeks or so. That should give you enough data to attempt some analysis.

I think you are right about the failure to warn analysts. FEET has made a strategic error because analysts like to have the opportunity to downgrade a stock that is going to come up short; that way they don't look so bad to their customers. Now they are all busily issuing downgrades from buy to neutral. Frankly, my recommendation two weeks ago was SELL, and now I am issuing a BUY! I do think it might drift lower over the next couple of days. If it gets into the 10s, I would think it would be a STRONG BUY.

Walter High
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