Stride Rite (SRR) Children's Shoes, Keds Message Board

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Non-Tech : Stride Rite (SRR) Children's Shoes, Keds

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To: tide who wrote (94)	3/11/1999 12:02:00 PM
From: Joseph Strohsahl	Read Replies (1) of 100

From Business Week: STRIDE RITE has been bouncing back, but will not sustain strong growth if it does not make a major purchase, Merrill Lynch's Simantee Nag said in the March 1 edition of Business Week. Stride Rite must buy "a branded $200 mln footwear company" Nag said. If Stride Rite does not make such a purchase, it could get taken over, said money manager Forrest Mervine Jr., who said in the report he saw the stock as undervalued. Mervine has been accumulating Stride Rite shares, the report said. Mervine said based on fundamentals alone, the company is worth 20. Value investor Mark Boyar named WOLVERINE WORLD-WIDE INC and REEBOK INTERNATIONAL as companies that could be interested in acquiring Stride Rite, the report said.

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