Just For Feet (FEET) Message Board

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Non-Tech : Just For Feet (FEET)

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To: tracy ellis who wrote (332)	9/7/1997 11:47:00 PM
From: Eric Phillips	of 750

Tracy: Contributing to the sell off is the large percentage of momentum players who are in the issue, which is why stock was hammared. For the period, Just For Feet posted net income of $0.16 a share, 60% above above year-ago results, but 20% shy of Wall Street views. Alex. Brown lowered its investment rating on the issue to market perform from buy. Piper Jaffray maintained its "strong buy" rating on the stock. The shares trading at 10 times next year's earnings estimate of $1.27 a share, Piper Jaffray's willingness to stand behind the stock makes sense. The company is expected to log long-term annual EPS growth in the 30%-35% range. Even with this Q's shortfall, the company still grew earnings by 60% and sales by 92.5%. I hope this explains my position.

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