Just For Feet (FEET) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Just For Feet (FEET)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Scott Finchler who wrote (66)	3/3/1997 10:32:00 PM
From: Walter High	of 750

Scott: I can't help but feel that FEET is a terrific buy at 21 something. After all, as Mark Heath says in his reply to you, same store sales are up 16%, which is incredibily high. The analysts expected FEET to earn 64 cents for the year ended Jan. 31st and it actually came in at 68 cents. That is a PE of about 32 (at a price of 21.625). The prediction for the coming year is 94 cents, which is a PE of only 23 (at a price of 21.625). That is an increase of 38% in earnings. If we assume the PE should be 38 to match the growth rate, then the price of FEET should be 36 right now. I don't think there is much chance that FEET is going to fall short of that mark since they have consistently beat the earnings predictions and seem to be going gangbusters. I also have trouble believing that FEET could fall any further because is seems unbelievable that such a strong grower could drop below the entire market PE average. The only reason I don't buy more is that I am already heavily weighted towards FEET (approximately 75% of my portfolio). I am considering buying options a few months out as a way of trying to catch a ride up without having to put out a lot of money. Is anyone else on this thread speculating in FEET options? Walter High

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next