Just For Feet (FEET) Message Board

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Non-Tech : Just For Feet (FEET)

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To: Walter High who wrote (461)	12/29/1997 10:22:00 AM
From: Don Dorsey	Read Replies (1) of 750

All your points are very good, but I believe FEET can continue to build much more than we all think. This country alone can easily support 1,000 stores without resorting to bad locations. Walmart has grown steadily for 20 years. Even after it seemed they were already in every small town, new towns would spring up. As the country itself grows, new markets are created. The reason I think now is the time to take a position in FEET is the tremendous bullish divergence I'm showing in the indicators on a monthly chart. This usually indicates a retracement of about half the decline, which would take us into the mid 20's. It's just my interpretation, and if I'm wrong it wont be the first time, but I like the risk/reward here.

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