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Non-Tech : Just For Feet (FEET)

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To: Rick Slemmer who wrote (69)3/4/1997 12:22:00 AM
From: Walter High   of 750
 
Rick:
I appreciate your comments and looked into CCRO to see what was going on there. Clearly that was a company in trouble since it turned in results of 4 cents for the most recent quarter compared to eight cents for the previous year's same quarter. It had been expected to do 12 cents, so it fell way short.
You may be right that someone has knowledge that FEET is going to go lower and that is why selling keeps driving it down. My only basis for optimism is past performance and my visits to FEET's stores. They continue to do extremely well in year over year sales and they are opening new stores at a tremendous clip. Every new store has met or exceeded profit expectations according to the numbers FEET puts out.
We are all in this to make money and one of us is going to be wrong if we bet in opposite ways. I wish you well, but I hope for my sake that you are wrong!

Walter High
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