The Happy Feet Battle: Designer Brands (DSW) Vs. Caleres (Famous Footwear)
Summary
- Basic shoe selling could be a low-risk ownership proposition in today's topsy-turvy world.
- Steady margins and returns are desirable going into a 2023 recession.
- Cheap valuations on basic earnings and well above-average trading momentum for both Caleres and Designer Brands are worth a serious look.
- I am projecting solid outperformance vs. the S&P 500 in both names over the next 12 months, similar to the last 12.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of CAL either through stock ownership, options, or other derivatives. 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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