Wolverine World Wide: Stepping Up

Summary

  • Wolverine World Wide has recovered to pretty much pre-pandemic levels, the stock and operations that is.
  • Improved operational performance has inspired management to make a sizable deal, with more exposure to overseas areas and a larger direct-to-consumer and e-commerce angle as well.
  • I like the deal, as valuations remain non-demanding and some more improvement of the business remains to be done.
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Wolverine World Wide (NYSE:WWW) has shown signs of life, not just the stock and the operations but the capital allocation strategy as well, as the company announced quite a sizeable acquisition. Wolverine has made a substantial deal which

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This article was written by

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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