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Steven Madden, Ltd. Message Board

  • stancill2008 stancill2008 Mar 28, 2011 8:37 PM Flag

    SHOO ready to make new high

    Buy SHOO, FSBK, KKD, FDO, BIG, CCE, Sell CREE

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    • regarding Shoo`s investment in Baker Shoes(Bkrs.ob).Bakers just issued their yearend 10k after the market today and stated (their 1st quarter ending April 30) that thru April 23rd, comparable store sales were up 10.1 %.This is in a period when most clearance is gone and more full price is sold with Easter being in April .which has been overall a warm April (IMHO) Therefore nice margins and perhaps a break even or better quarter IMHO.Which could be a first for them and lead to a significantly profitable year.Their 4th quarter is their huge quarter.

    • Their investment in Bakers is looking good also. Stock moving up after Tensey brokerage conference presentation a couple weeks ago by bakers.Good volume and on conference call last week CEO said Bkrs was up 9.5 % store for store.With Easter in April(they are on a January year end)they could do 10.5% increase sts and a positive eps for 1st quarter

 
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