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: Ken Turetzky who wrote (141)	9/28/1998 2:05:00 PM
From: Anthony Wong	Respond to of 178

Can't find furthr information on the rating cut. The strong buy was probably isued sometime ago. There's was no news of any Warburg Dillon Read upgrade as far back as July 98.

To: Ken Turetzky who wrote (141)	9/28/1998 2:15:00 PM
From: JCS	Read Replies (1) \| Respond to of 178

Don't know when they issued the strong buy. They sure have some influence though based on today's action. Of course they used the dreaded "I" word i.e. inventory problems with retailers. Talk about a shift in sentiment in a short period of time; this was dramatic. It's another buying opportunity for some. The WWW Fall 20% off sale. RESEARCH ALERT - Wolverine World Wide <WWW.N> cut NEW YORK, Sept 28 (Reuters) - Warburg Dillon Read said on Monday that analyst Allison Malkin downgraded the investment rating of Wolverine World Wide Inc. <WWW.N> to a buy from a strong buy. Cites concern that footwear sales will be weak in October, typically the strongest month for brown shoe sales. Belief that "overinventoried" position of many retailers has not been corrected may cause Wolverine's fourth quarter revenue growth to fall below estimate of 6 percent. Wolverine's exposue to international markets places it at risk to economic downturns abroad. Shares were down 7/8 at 12-5/8 in morning trading. 10:02 09-28-98