Wolverine World Wide, Inc. (NYSE:WWW)
The Company is a designer, manufacturer and marketer of a casual shoes, rugged outdoor and work footwear.
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They make some of the best boots in the United States and do it at a lower cost and higher volume than boutique competitors.
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Wolverine World Wide just reported its second-quarter earnings on Tuesday. It broke another quarterly sales record, with sales of $312 million.
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It's a promising stock
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Wolverine has very little debt, a lot of cash, and a great product.
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It's such a beautiful short I could cry...
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Losing profit margins consistanty. Decline in YOY organic sales.
PE about 22 based on best quarter in the last 2 years. A buy at 17 as the market goes back to 7500.
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Basic Valuation Play
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Wolverine looks very undervalued relative to historical PE valuations: http://www.timetotrade.eu/theriver.php?entry_id=53427
Secondly their forecast revenue and earnings have been lowered due to concerns relating to the strong dollar. Over over the recent months the dollar has weakened and if this trend continue over 2009, it could help them beat earnings.
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If Obama rebuilds the infrastructure like he is promising, those workers are going to need work shoes.
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3 to 5 star stock in one year.
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Yea! Don't sleep on this stock.
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same old story; rising production costs and slowdown in global economy.
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It's got a good product
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Cheap casual shoes, rugged outdoor and work footwearf for a reasonable price
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lets go take a hike with wolverine!
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With stronger international growth than domestic growth this stock should outperform the market for years to come
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new mgt
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This is a solid company with continueing sales/pofit growth
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Merrell shoes seem to command a high price and avid buyers in the US and Europe. No half-price deals out there. The rest of the line seems OK, if sometimes cheaper. Stock buybacks and increasing dividends in a growuing small cap. Why don't I own this?
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