SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Just For Feet (FEET)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: lanac who wrote (394)10/1/1997 10:46:00 PM
From: Walter High   of 750
 
Lanac:

My guess would be that the stock is not going to make much of move until Harold's attempts to solve the small store problem are clearly successful. He stated in the interview that it was probable FEET would take on debt. This is a company that has always been cash-rich in the past. I think that is enough to give most investors pause, especially given that FEET missed earnings last quarter.

If Harold wanted the stock to respond positively to his interview, he should have said: "I am personally devoting all my efforts to ensure that the small-store format will be successful. We will continue with the planned growth of the big box stores which can easily be financed from current profits. We will not take on any debt to increase the number of small-store units until we have absorbed the current acquisitions and proved that we can operated them profitably."

Walter High
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News