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

To: Paul Senior who wrote (45638)	11/22/2011 11:25:11 PM
From: E_K_S	Respond to of 78751

Paul I saw this news story posted today. Notice that the stores they are closing are located in Texas. I believe an earlier article I posted on SCVL stated that they plan to open several new stores in Texas and spend quite a bit of money building a market for their brands. What makes you think SCVL will be more successful than Brown Shoe? It looks like the whole industry is in a slump. Brown Shoe to close 145 Famous Footwear stores Dallas Business Journal by Kelsey Volkmann, Web Editor Date: Tuesday, November 22, 2011, 12:57pm CST bizjournals.com The more I look at this recovery, there are a lot of reasons to tread carefully. FWIW, FRO the shipping company reported a loss today and could have problems meeting their minimum bank covenants (Q1 2012) if shipping rates do not increase and/or if they can not refinance one or more of their Ship financing contracts. As a result, SFL the major financing company for FRO's fleet was off over 22% as they would be impacted by any FRO default. These are more than company specific "event" data points, so I wonder if this economy is beginning to weaken and we are seeing several of the marginal industries breakdown first before we see other sectors slow down? EKS