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The Company operates in the footwear industry. Its current activities include the operation of retail shoe stores and the sourcing and marketing of footwear for women, men and children.
I'm going to venture a guess here that I know why this coming is called the "Brown Shoe" because their balance sheet is full of crap! BWS definitely stepped in something because in the past 7 weeks we've seen revenue estimates fall, another quarterly loss come across with lowered EPS projections, a credit downgrade to B- and inventory levels rising. The stock has responded to this "glorious" news with a 60% jump in price and I'll respond with a short...this is just goofy.UltraLong
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