The performance of this stock is pathetic,
reflecting a "sit on our hands" attitude from management.
The bloody market is on fire and this thing doesn't
All the "Gee Whiz, You guys are so smart"
talk from a Company IR guy won't make the share price
move or placate angry investors, of which I include
It is rare for the CEO to post but every
and then the CEO of HAUP will respond.
small growing co. compared to WWW
but read posts
1628 to 1640 and you will
see the reason for the
posters fustration) and his
BTW his name is Ken
If you look at the structure of most sell side
firms, there is really no Chinese Wall between Corporate
Finance and Research, but...there are some boutiques out
there that provide research to their institutional and
high net worth clients and do not participate in
underwritings; they have two recommendations, Buy and
Kevin (have I got your attention now?), I am speaking
from personal and professional experience with your
Company: You should really pay attention to these firms
and their analysts. I moved several hundred thousand
of your shares some time ago in a few trading days
at a three point profit and am glad I did (although
we still have plenty in some accounts!)
personal note, if someone says that three hundred thousand
pairs of Fusion boots were sold in a quarter and the
number comes in well below that, credibility is going to
LUMI had the CEO on board for awhile, but he
hasn't posted in a long time. I believe he was there in
a defensive position, but he was obviously reading
the posts for quite awhile. There are many employees
that post regularly to boards that I"ve followed.
There was another example of an employee that regularly
answered questions, but I just can't seem to remember
which board. I assume that it was a company in which I
sold my investment. I'll post it if I can remember.
I'm sure that your sell could be inhanced by quoting
some of the positive posts from this Yahoo message
board. Good-luck, and please continue.
I'm presenting a case for the importance of this
communications channel to our executive management next week.
WWW is not unique in participation on the message
boards, but if you folks know of other companies who
participate on the message boards it would help me build case
Can anyone direct me toward other message boards with
About half of Wolverine World Wide's revenue
comes from international sales, and this is definitely
affected by the relative strength or weakness of the
dollar: but the company has a good position in this
environment for several reasons:
On the sales side,
our international licensees bear the burden of
manufacturing product, and pay us royalties. The currency of
exchange is decided ahead of time to spare us the roller
coaster ride of exchange levels. Distributorships are
arranged much the same way.
On the sourcing side, a
strong dollar helps our margins for the reason you
The negative side is macro-economic: to the extent
that exchange rates reflect the relative strength or
weakness of competing economies, a strong dollar would
indicate some softened demand - at least in economies that
are in freefall. However, much of our international
demand is centered in developed Western Europe, where
recent economic upheaval has not hit so
Wolverine World Wide was perhaps unfairly hit when the
global downturn drew attention to our global exposure.
From our viewpoint, and taken with what I just said,
you can see that our global exposure is really an
opportunity to be at ground level in a number of developing
markets. I guess that actually supports your stated
reasons for buying...
kevin already hit on the fact that there is no
real market breadth in this run. I still see many a
good value stock off better than 50% from their highs.
They're just getting left behind by the 50% of individual
investors who only came into the market since 87. There is
no sanity here as the momentum stocks keep moving.
Betting against the herd effect is a hard thing to do,
but that may just prove to be the most sane play here
I feel wolverine is like having a garage
sale. Some folks put the old artwork by some obscure
artist that had been accumulated by grandpa over the
years out on the lawn and ask only 10 dollars for it
because they don't realize the underlying value. Someone
will make out in a deal like that. That may be all we