- Short case no longer valid, investors may want to go long.
- New buyback provides business confidence.
- Valuation much more appealing despite reduced estimates.
- Guidance disappointment may provide buying opportunity.
A couple of months ago, I wrote an article available to Seeking Alpha Pro subscribers that detailed why a short position was advised for Wolverine World Wide (WWW). I recommended a short position in the low $60s, and that was before the 2 for 1 stock split. Now, that recommendation would have been the low $30s, and shares are down since then. At that time, I was not a fan of the valuation in comparison to other names in the space. Also, I was worried...
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