Well, Z is one of the few companies hitting new lows today. That's Venator, the old Woolworths. (I thought I was actually looking at a different company -Vencor- but after checking further-- it is Venator .) Anyway, Z, I see, is of some slight interest to me because they are another depressed retailer. Their biggest claim to fame now is the Footlocker chain.
I occasionally see people post about how they like NIKE-- here's a way to maybe play NIKE's comeback (assuming NIKE does come back). Z is a BIG retailer for NIKE (I believe the biggest is JC Penney).
Also , regarding shoe retailers (and I do not have a shoe fetish, thank you -g-), I posted on NIN when this shoe retailer was 2/3 the price it is now - but I didn't have any confidence to buy. Probably going to be the same with Z -- it'll take some guts also to buy this one, IMO. It's just too terrible to me - overstocked, poor management,questionable product, competitors beating them... even the name and stock symbol are lousy IMO. Still, with a bv of 9 vs. a price of 6.5..... and with 75,000 employees, $6 Billion in sales... somebody is buying their product(s). |
