An order has been placed with my broker. It's to buy the stock of a footwear apparel retailer. As always, a limit order has been used. But if the purchase gets made, I'll post my rationale for establishing this new portfolio position.
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July 25, 2007
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I've been looking at some shoe retailers as well. I wonder if it's any that I found interesting (FINL, SHOE). What scares me is their low margins but I'm not sure which one you picked... I'll wait until you complete your purchase and post your thoughts...
Posted by: Sivaram Velauthapillai | July 25, 2007 at 10:35 AM
I'm going to guess FINL. That's a spicy meatball!
Posted by: Earvin Johnson | July 25, 2007 at 11:52 AM
I'm guessing SKX. I've been following it for a while, and finally bought some today.
Posted by: KnifeCatcher | July 25, 2007 at 02:58 PM
I'll guess FINL as well but I haven't looked at the Genesco deal. AT $7 the market must think it was the worst deal of the year, the dividend was canceled I think to help fund the deal. I don't know what the combined co will look like but have started to look into it.
I think Paiva is the hidden gem there, if they can expand it out.
Posted by: Amit Chokshi | July 25, 2007 at 03:17 PM
I will be guessing FTAR.OB or TBL
SK
Posted by: Shahin | July 25, 2007 at 09:37 PM