Wolverine World Wide: Need some good shoes? Message Board

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Non-Tech : Wolverine World Wide: Need some good shoes?

WWW 17.94

+1.2%

Dec 26 9:30 AM EST

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To: Ken Turetzky who wrote (141)	9/28/1998 2:15:00 PM
From: JCS	Read Replies (1) of 178

Don't know when they issued the strong buy. They sure have some influence though based on today's action. Of course they used the dreaded "I" word i.e. inventory problems with retailers. Talk about a shift in sentiment in a short period of time; this was dramatic. It's another buying opportunity for some. The WWW Fall 20% off sale. RESEARCH ALERT - Wolverine World Wide <WWW.N> cut NEW YORK, Sept 28 (Reuters) - Warburg Dillon Read said on Monday that analyst Allison Malkin downgraded the investment rating of Wolverine World Wide Inc. <WWW.N> to a buy from a strong buy. Cites concern that footwear sales will be weak in October, typically the strongest month for brown shoe sales. Belief that "overinventoried" position of many retailers has not been corrected may cause Wolverine's fourth quarter revenue growth to fall below estimate of 6 percent. Wolverine's exposue to international markets places it at risk to economic downturns abroad. Shares were down 7/8 at 12-5/8 in morning trading. 10:02 09-28-98

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