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Non-Tech : Sports Authority (TSA) -- Ignore unavailable to you. Want to Upgrade?

To: Jason W who wrote (66)9/22/1999 2:09:00 AM
From: Gary105  Respond to of 94
 
FEET news does not surprise me given lack of insider buying on stock tank and earlier press release re. financing. Imo FEET will either secure financing or file Chapt 11 and the market is beginning to price FEET for the latter. In my area, FEET ads are drying up and what little there are give the impression of everything on sale (similar to going out of business sale). TSA ads on the other hand are more elaborate (color circulars instead of fraction of a page b&w ads) and show more variety. The key with all retailers is keeping inventory current and converting it into sales. Financials:
biz.yahoo.com



To: Jason W who wrote (66)9/22/1999 6:23:00 AM
From: David Spruiell  Read Replies (1) | Respond to of 94
 
TSA Short and long debt is 600 million, with 320 million inventory. Book value of $8.50
FEET. S & L debt 440 million, 400 million inventory and a book value of $11.00
The most realistic possibilities for survival of the shoe market is merger, or Ch 11 protection. Merger would help the stock prices the most.
I am long FEET at $3.10
Good trading to all
David


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