What the heck was that? Some kind of retail market forecast based on a trip to Disneyland? Jeez, we all eat food, but that doesn't mean McDonalds will be able to retain it's market share, in fact, I believe it is slipping everyday, and they can't figure out why either.
You state:
>> The long term growth prospects for a good retailer like FEET are
enormous.<<
Somebody posted the same sentiments on the JFF Motley Fool Board about this time last year (FEET: $32.00 per share). WHAT HAS HAPPENED SINCE?: Well, the last 12 months for this "good retailer" have been, shall we say not so "enormous". Why not? Did "Billions of people around the world on a regular basis...continue to purchase athletic shoes, just as they purchase pants and shirts..." just not do so over the past year...or just not do so at Just for Feet??
The current management has no idea how to grow to be the retailer it could be, and the upper management proves it everyday. 70% + employee and management turnover is not the sign of a "good retailer" or a good stock, wouldn't you agree?
I do agree with you, though, FEET could be a great company...with different leadership.
regards,
Bigtoe |
