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Non-Tech : Just For Feet (FEET) -- Ignore unavailable to you. Want to Upgrade?

To: Petz who wrote (432)	11/4/1997 10:46:00 PM
From: Walter High	Read Replies (1) \| Respond to of 750

Petz: It seems I remember that Harold had said something to the effect that FEET would make the mall-based stores profitable by improving the stores top to bottom, including remodeling and improved inventory. Wasn't that why they wanted to borrow money? Whether or not there have been any significant expenses related to improving the mall-based stores is unclear. At least there seems to be improvement! Geri: It is really difficult to compare the figures for increase over previous year from Q2 and Q3 as has already been pointed out. There are so many factors that make comparison difficult, especially the inclusion of the mall-based stores, that I would imagine the Street is only looking at the bottom line of earnings per share. While gross revenues look good, expenses will tell the tale in the end. We have no hint of that and only the speculations of Petz to guide us. Another concern I have now is the recent poor reports from companies like L.A. Gear, Nike, and Reebok. I can't imagine that poor performance from FEET's supplier companies will not eventually work its way up the food chain to the retailers. We may have a slowing of revenue gain in future quarters, which will bode ill for this stock. FEET needs about three straight good quarters of meeting or exceeding expectations to put itself back on track. Irregular performance will not hold the interest of today's investors. Walter High