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

To: swamp fox who wrote (83)	4/2/1998 2:14:00 PM
From: Ken Turetzky	Respond to of 178

Swampie, I figured the CEO already sold that stock, since it was announced March 18 that he registered. I held on because Gerard Klauer Mattison about the same time singled out WWW as a good stock to hold while calling for a 5-10 percent downturn in the market. Anyway, this news just came out. I think the company felt it had to comment, and I'm glad they did, but that doesn't explain the big dump-off this morning. That very volatile period last year for WWW wasn't much fun, and I hope we're not getting into another one. =Wolverine World Wide Backs 1Q Net View of 13c/Share Dow Jones News Service via Dow Jones NEW YORK (Dow Jones)--Wolverine World Wide Inc. (WWW) told analysts Thursday that it remains comfortable with Wall Street's first-quarter earnings expectations. According to a company spokesman, Wolverine expects to meet the First Call average estimate of 13 cents a share; in the year-earlier quarter, the company made 11 cents a share, adjusted for a 3-for-2 stock split. The spokesman said the maker of leather and footwear products had previously stated it will meet expectations, but repeated that assertion in a conference call with analysts Thursday because there has been some volatility in the stock. With Wolverine's assurance that the quarter is on track, the spokesman said, "people have solidified their confidence." Wolverine World Wide's NYSE-traded shares, which earlier Thursday were down as much as 3 1/4, or 9.4%, to 26, have rebounded to 28 1/2, down 3/16 or 0.7%. Volume stands at 1.8 million, more than nine times the daily average of 187,900. -Nancy Beiles; 201-938-5393 (END) DOW JONES NEWS 04-02-98