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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Wallace Rivers who wrote (12477)5/18/2001 10:44:17 AM
From: Paul Senior  Read Replies (1) | Respond to of 78752
 
Yes, still holding SCNYB:

Message 15193256



To: Wallace Rivers who wrote (12477)5/23/2001 1:05:59 PM
From: Jason W  Read Replies (1) | Respond to of 78752
 
Wallace,

I would be wary of SCNYA/B. Their stock appreciation of the past year or so was largely, but not entirely driven by inner city business. That business boomed, riding one style in a variety of colors. The ride was nice, but is now VERY over. I would not expect the stock to return to its previous highs any time in the next few years.

Regards,
Jason
DISCLAIMER: I have NO position in SCNYA or SCNYB. I did see this drop coming, but did not short the company. I work in the shoe business, so I have an inside view.