Silicon Investor (SI) -- The First Internet Community

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) -- Ignore unavailable to you. Want to Upgrade?

To: David Spruiell who wrote (682)	9/17/1999 11:47:00 AM
From: GVTucker	Read Replies (1) \| Respond to of 750

Looks great, but the problem is that there are no numbers for 7/99 yet. The 10-Q was due day before yesterday, and FEET delayed filing, stating that they were 3-5 days from finalizing the new credit line. There has been some aggressive short selling the last couple of days following the NT 10-Q. Merrill sold at least a couple of hundred thousand shares yesterday, and by the way it traded, it could have easily been a short sale. Some of it probably has been hedged by a long position in the sub debt. I am counting on a less than disastrous balance sheet; most of the short sellers believe that FEET is going to be an inevitable Chapter 11. Rockey will prevent this, IMO. She proved she can turnaround a company at Brooks, and FEET will be an easier turnaround. She'll let the poor performing Athletic Attic sites die a slow death, and devote resources to the Just For Feet stores, which are still making money. Earnings power is still in the $1.00+ range.