Footstar, Inc. (NASDAQOTCBB:FTAR.OB)
The Company sells family footwear through licensed footwear departments and wholesale arrangements.
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I don't see this one doing so well.
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Company will be selling 100% of its shares to Kmart as of 12/31/2008 for the bargain purchase price of $13.1 million (21M shares outstanding). Do the math.
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This one is a little risky for me because it dropped over 50% today and I can't find any news sources that divulge the reason. I'm guessing that maybe a large shareholder sold everything which drove the price down. I'm picking it because it's still a solid company and should bounce back at least a little bit from a drop that huge. Short term pick for me.
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I see it going to $13.50
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Impressive ROE, no debt, accelerating EPS, very focused company with few specialized product lines. It seems they have built a warm and safe niche with longterm competitive advantages. We´ll see.
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Good product line and marketing plan
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Looks solid all the way around.
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This a a good brand name that could be a target for a buy out at P/E of 2.38
They own the names Just for Feet and FootAction.
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Free-riding.
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I will shameless buy this stock because some people who have more knowledge than I do, have figured this puppy out. I'd love to know how you can pull this one out on a screen.
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5 star stock with $128 million market cap on 12/2/06.
Sells shoes, previously through a variety of stores, now mostly through Meldisco/Shoemart within KMart stores, since other stores were liquidated as part of bankruptcy reorganization.
From SEC filing: "On February 7, 2006, we successfully emerged from bankruptcy. Our creditors have been or will be paid in full, plus interest where applicable." Bankruptcy aggreements include a settlement with KMart to continue operations within KMart stores through the end of 2008, at which time KMart will purchase inventory at book value.
5STARsmallCAPS picks 5-star stocks with the smallest market caps.
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Value play. Sum of the parts exceeds current price. Liquidation event in two years.
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