Don,
You post:
>> Go back and research the negative writings towards Mcdonalds in the
1970's. They were supposedly overbuilding, its food quality was poor,
and agressive new competition was taking their business.<<
Jeez Don, is this Deja vu? Your comments exemplify the PRESENT problems with McDonald's, not only the past. But, I don't care about the past. McDonald is currently suffering from "not paying attention" to it's business, and thinking that they don't need to...that is my point. Pissing off your Franchisees is no way to run a business. I don't think the upper management at McDonalds has a clue about it's current standing amidst it's current competition and to berate and pressure your assets (the franchisees, but in FEET's case, it's employees) is simply extolling arrogance instead of leadership.
>> Whether management is any good or not, the company and its earnings
have grown tremendously...<<
That is a silly thing to say, Don. Management should mean everything to someone who is betting on the future of any company. That is what you're doing, right?
I think the next typical response from FEET management in this context is " Hey, we were in the fortune magazine fastest growing companies... so what's the problem?..."
Well, there is only one small problem...THE STOCK HAS BEEN FALLING FOR A YEAR...AND CONTINUES TO FALL! I suggest you "go back and research" the article from Fortune and read what the author says...not what you want to hear. It is not a complimentary article at all. But nobody at FEET is learning from what the article says. They just wave the FEET flag and say "hey, my salary is great and we have plenty of stockholders money...our growth is tremendous...". Yes. well FEET stock is at an all time low, it's expenses are at an all time high and it's turnover of qualified employees and management tops any retailer, in any retail genre. If "13 will look cheap..." it will be at a tremendous cost to many.
regards,
Bigtoe |
