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Strategies & Market Trends : Value Investing
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To: Grommit who wrote (7123)5/12/1999 11:54:00 AM
From: Michael Burry  Read Replies (2) of 78464
 
Grommit re: FEET

Conspicuously absent from the press around FEET is mention of Finish Line. This is key, IMO, since most seem to be just blaming the bad business environment. Finish Line has doubled in about the same time that FEET has proceeded to nearly half itself. This isn't purely the industry. I think inventory management and management integrity are the big issues here. Of course it's a non-branded retailer. And the market is really waking up to how stinky those business economics are.

Mike
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