Foot Locker Kicks Around The Idea Of Selling Itself

Talk about timing. A few days after buying Foot Locker Inc. (FL), the company forecasts its first loss in six years and the stock hits its lowest price in 3-1/2 years.

There is some good news.

The company has officially confirmed hiring Lehman Brothers (LEH) to advise it on selling itself. Foot Locker said in a statement that it has received inquiries from buyout firms, but a company spokesperson declined further comment.

Getting kicked by the stock price so soon after buying the company is no fun. But it's way too early to call this a stomping.