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 : Wolverine World Wide: Need some good shoes? -- Ignore unavailable to you. Want to Upgrade?

To: Chip Roos who wrote (70)	2/27/1998 2:51:00 PM
From: Ken Turetzky	Read Replies (1) \| Respond to of 178

Wolverine World Wide Increases Dividend for Fifth Consecutive Year Business Wire via Dow Jones ROCKFORD, Mich.--(BUSINESS WIRE)--Feb. 26, 1998--Directors of Wolverine World Wide, Inc. today declared a 26.7% increase in the quarterly cash dividend to $.0275 per share of common stock. The dividend is payable May 1, 1998 to stockholders of record April 1, 1998. The Board action is the fifth consecutive annual dividend increase for the Company. "The dividend increase reflects the fifth consecutive year of record results which produced 34% higher net earnings in 1997," said Geoffrey B. Bloom, Wolverine World Wide Chairman and CEO. "It also indicates our continuing commitment to reward our shareholders as we progress toward the goal of making Wolverine World Wide a Great Global Company." Wolverine World Wide, Inc. manufactures and markets a wide variety of branded footwear and performance leathers. Major branded products of the Company include: Bates(R) uniform footwear; Caterpillar(R) footwear; Coleman(R) footwear; Harley-Davidson(R) footwear; Hush Puppies(R) shoes, slippers and accessories; Hush Puppies Homeware(TM) slippers; Hy-Test(R) work boots and shoes; Merrell(R) outdoor footwear; Sioux-Mox(R) moccasins; Tru-Stitch(R) slippers; Wimzees(R) footwear; Wolverine(R) work, sport and rugged outdoor footwear, apparel and accessories; Wolverine DuraShocks(R) and DuraShocks(R) SR comfort technology; and Wolverine All Season Weather Leathers(TM). CONTACT: Wolverine World Wide, Inc. Thomas Mundt, 616/866-5589

To: Chip Roos who wrote (70)	4/16/1998 4:25:00 PM
From: Ken Turetzky	Read Replies (1) \| Respond to of 178

Arrgh! What are you trying to do, Chip, get me going off-topic in the Wal-Mart thread? I really don't know what's up with WWW. The stock suddenly pulls back about 15 percent, the CEO hurriedly calls an analysts' conference to assure that the company can make earnings estimates of .13 this quarter -- but Bloom also sells 15 percent of his holdings, about 50,000 shares' worth -- and WWW is stuck at about 27 and not looking so great at the moment. With consistently great revenues, what are analysts worried about? There's also an item on the Yahoo WWW board about the company issuing 1.7 million shares to issue as bonuses to executives. I'm not sure if this would have a negative effect on the price as well.