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Foot Locker, Inc. Message Board

zecelvira 3 posts  |  Last Activity: Nov 11, 2015 4:57 PM Member since: Dec 25, 2010
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    ahead of earnings

    by zecelvira Nov 11, 2015 4:53 PM
    zecelvira zecelvira Nov 11, 2015 4:57 PM Flag

    plus the stock now trading at 15x which does not seem excessive.

  • zecelvira by zecelvira Nov 11, 2015 4:53 PM Flag

    last august earnings were very strong--way ahead of consensus--and the stock sank with the market and hasn't stopped sinking since, now down close to 20% from the top. Based on various snippets from their last conf call on 21 August plus reports in the media, my sense is they come in at +8% on comps and beat earnings expectations of 93 cents by a small amount. the market was upset about sketchers which underperformed on their report., also lousy reports from teen retailer gap and sketchers, who do very little business iwth FL. On the other hand, Nike accounts for 3/4 of FL's business and they are going gangbusters. The Buckingham downgrade of yesterday cited their feeling that despite very good reported results, November "could" be off to a slow start. Seems pretty speculative to me. I remember Goldman's ill-informed downgrade a few months ago citing similar argument.If i look at FL's chart, their stock price is now where it was in mid May before the run up to august/september. Going forward i think the good exposure they have to kids, womens, Europe and very good management will carry them through. A minor factor is the strength of the US Dollar which has now slipped below 1.10.

    Sentiment: Buy

  • zecelvira by zecelvira Oct 19, 2015 8:00 PM Flag

    It seems to me Foot Locker might be interested....they have a third the number of stores of FL but their market cap is

65.68+0.68(+1.05%)Dec 1 4:00 PMEST