Submitted by immortalis88 t3_12666ph in wallstreetbets
Is Footlocker lookin like a worse version of BBBY? Is anyone even going to malls anymore?
https://www.cnn.com/2023/03/29/business/foot-locker-stores-closing-bed-bath-beyond/index.html
Submitted by immortalis88 t3_12666ph in wallstreetbets
Is Footlocker lookin like a worse version of BBBY? Is anyone even going to malls anymore?
https://www.cnn.com/2023/03/29/business/foot-locker-stores-closing-bed-bath-beyond/index.html
OP sniffing stinky shoes
My running shoes are a legit weapon of mass destruction. Mobile chemical warfare fr.
Bro powder them shoes up
My son uses their online store. Like many others I would contend. 🤷♂️
FL a weird one, they have buyback authorized for like 30% of shares outstanding but they don’t actually have nearly that much cash on 👋
Cramer just turned bullish on them today so naturally i bought puts, im assuming some bad news is imminent. I will cover on the bad news tho, there is a very real floor to this not far below these prices (maybe 30 to 50%)
You have to buy calls first then ride the dip
He is the pump and dump man
Closing under performing locations on its own isn't bearish. What's the DD they're actually in trouble?
PE 11.04. Forward PE 9.36. Growth expected.
PB 1.15, low for a profit turning company.
Price sales 0.43.
Based on the data alone this company is significantly undervalued and could easily be trading at twice its current price with sensible metrics.
BBBY is swimming in debt. FL has a healthy positive book value. They don't need people to go to malls they're online.
Puts
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So, like, malls are on their way out, but is there someone that might buy them up for online presence and name recognition, and turn them all into one, kind of online mall, that isnt amazon?
I know a guy who’s had success with pet and video game stores.
While a small sample size, the mall by me is always packed...kids love going, and they are building new stores all the time.
computer blue, darling pinky.
Footlocker won't be gone anytime soon but would anyone be surprised if it was gone in 5 years no. I wouldn't invest
greenvortex3 t1_je7rptt wrote
Yes.