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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (69819)	2/25/2022 4:12:32 PM
From: Paul Senior	Read Replies (2) of 78920

FL. I'd read last year that FL would be affected by Nike's going with more emphasis on direct-to-consumer. (And I've bought Nike's that way.) I assumed that that news was already by now baked into the FL stock price. Boy, was I wrong. Big mistake by me with holding FL shares. I'll take the loss, lick my wounds, and reevaluate what I'll do next. FL has cash for its big announced stock buy-back, and the company is profitable (right now). Company expects no more than one shoe supplier to be 55% of its business by year-end. Nike might change that FL presumption though if NIKE continues to put pressure on FL, either by limiting supplies to FL or not giving FL access to latest or most popular styles.

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