Money Investor
Long/short equity

Expensive Shoes But Cheap Shares At Foot Locker

I love simple concept investment opportunities focused on businesses built to succeed in good times and bad. The business of selling athletic shoes is one which is highly profitable and somewhat insulated from the larger economic backdrop. It is a great business for a couple of reasons, specific to the athletic segment. First, this segment thrives on youth sports. The great thing about young people is they grow up, and most of the time their feet grow with them. Bigger feet = bigger shoes = new shoes, no matter what the current economy may look like. Second, this is a brand-dominated industry. Consumers want the latest version of Michael Jordan's basketball kicks and will pay close to half of what...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details