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The Company is a designer, manufacturer and marketer of a casual shoes, rugged outdoor and work footwear.
Positive: - Good combination of growth and (relative) value - Strong correction since Q1 revenue miss gives good entry point - A weaker dollar (which I expect because 99.9% think otherwise) will help them Negative: - In absolute terms it is overvalued as everything Category: DPVm
Enjoy fighting for Antarcticia.
Get your boots on...
With a World War potentially brewing overseas, this equity should perform well as more and more troops need boots to keep feet safe during the period of the real global war. If the governments of the world decide to "keep the peace", then this equity should continue to grow with the work force average in terms of shoe sales.
Since the late 1700's... Wolverine World Wide, Inc. is a designer, manufacturer and marketer of a range of casual footwear and apparel, performance outdoor footwear and apparel, industrial work shoes, boots and apparel, and uniform shoes and boots. In addition to its branded footwear, apparel and licensing operations, it also operates 89 retail stores in North America and 12 retail stores in the United Kingdom that feature footwear and apparel, and operates a performance leathers business through its Wolverine Leathers Division. The products are marketed under brand names, which include Bates, Cat Footwear, Chaco, Cushe, Harley-Davidson Footwear, Hush Puppies, HyTest, Merrell, Patagonia Footwear, Sebago, Soft Style and Wolverine. Approximately 52 million pairs/units of its footwear and apparel were sold, during the year ended December 31, 2011. In October 2012, it announced that a consortium comprised of Wolverine Worldwide, Golden Gate Capital and Blum Capital Partners acquired Collective Brands, Inc.
Sperry is on fire, and Wolverine is capitalizing on that and other brands' success through direct-to-consumer sales. But the real growth story is international sales, which should fill Wolverine's sails for several years.
They make some of the best boots in the United States and do it at a lower cost and higher volume than boutique competitors.
Wolverine World Wide just reported its second-quarter earnings on Tuesday. It broke another quarterly sales record, with sales of $312 million.
It's a promising stock
Wolverine has very little debt, a lot of cash, and a great product.
It's such a beautiful short I could cry...
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.
Basic Valuation Play
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.
If Obama rebuilds the infrastructure like he is promising, those workers are going to need work shoes.
3 to 5 star stock in one year.
Yea! Don't sleep on this stock.
same old story; rising production costs and slowdown in global economy.
It's got a good product
Cheap casual shoes, rugged outdoor and work footwearf for a reasonable price
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