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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (20182)	12/7/2004 2:07:04 AM
From: Dale Baker	of 78594

I haven't mentioned RCKY here yet but this deal makes it an even more compelling value. I am long from 19's with a 50%+ target: Rocky Shoes & Boots to buy EJ Footwear Mon Dec 6, 2004 04:10 PM ET LOS ANGELES, Dec 6 (Reuters) - Rocky Shoes & Boots Inc. (RCKY.O: Quote, Profile, Research) on Monday said it would acquire privately-held shoe designer EJ Footwear Group for $87.7 million in cash plus more than 484,000 shares of stock. Rocky said it expects the deal to close in January and forecast 2005 revenue of $280 million to $285 million, with earnings per share of $2.35 to $2.45.

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