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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (2987)	2/16/1999 5:21:00 PM
From: hoffy	Read Replies (1) \| Respond to of 52051

I bought SHOO for the CNBC show tonight but after doing some research this might be a hold for a much bigger pop then just a little gap up tomorrow. Here' what I found. 1. Low float...6.7 million. 2. Revs and earnings going up nicely "For the nine months ended 9/98, revenues rose 36% to $59.2 million. Net income rose from $1.6 million to $3.5 million. Revenues reflect additional wholesale accounts, increased reorders, and additional retail stores. Earnings also reflect increased gross profit due to higher bulk purchases." 3. Opening new stores: "LONG ISLAND CITY, N.Y.--(BUSINESS WIRE)--Dec. 16, 1998--Steven Madden Ltd. (NASDAQ: SHOO - news), a leading designer, wholesaler and marketer of fashion footwear for women, announced three new store openings at 84th Street/Broadway in New York City, the Stone Ridge Mall in Pleasanton, California, outside San Francisco and McArthur Center in Norfolk, Virginia. All stores will open in March 1999. These stores represent the thirty-fourth, thirty-fifth and thirty-sixth Steve Madden retail stores nationwide. " 4. A new internet presence: "LONG ISLAND CITY, N.Y.--(BUSINESS WIRE)--Feb. 4, 1999--Steven Madden Ltd. (NASDAQ: SHOO - news), a leading designer, wholesaler and marketer of fashion footwear for women, announced that it has signed an agreement to market and sell its products on Fashionmall.com, the premier fashion site on the Internet. " Everything sounds very good for a stock selling at 8 1/2. The CNBC might be the catalyst to get this company known. If they can bring out these points above this company will fly tomorrow. I'm in for a ride through tomorrow and into Thursday. I might even make this a long term holding