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Conference nyoss1::market_investing

Title:	Market Investing

Moderator:	2155::michaud

Created:	Thu Jan 23 1992
Last Modified:	Thu Jun 05 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1060
Total number of notes:	10477

508.0. "Stride-Rite?" by ZENDIA::FERGUSON (Your recipe is so tasty) Tue Jun 29 1993 12:57

	I'm curious as to what people think of Stride-Rite as a possible
investment opportunity.

	Stride-Rite is a shoemaker located in the Boston area.  The CEO just
stepped down and is defecting to biotech/food-type company.  Its stock is
trading at about $15.50, far from its high of $30+ not too long ago.  They've
been experiencing stale growth and erosion of profits over the last 2-3 years
(most likely due to the recession).  They've also had quite a turnover of
CEOs in those times.

	Stride-Rite is listed on the NYSE.


	Opinions?

T.R	Title	User	Personal Name	Date	Lines
508.1	All answers in todays Journal...	KYOA::BOYLE	Dirty Jobs Done Dirt Cheap	`Tue Jun 29 1993 14:32`	16
	Interestingly, Stride-rite is featured in the Journal today (6/29). The story about earnings (year over year) is not good. Management instability is not good. No one is currently on board to run the company. Their product line is being undercut by cheap knock offs. So, there is very little to recommend this company. I am a contrarian, and even I am going to wait to see who they pick for a replacement and what is said when that person is picked. We may lose a little upside, but we also may save ourselves any further downside. I hope this helps, If you're still interested pick up the journal. Jack Boyle
508.2		ZENDIA::FERGUSON	Your recipe is so tasty	`Tue Jun 29 1993 14:52`	2
	The Boston Globe also had a write up, which was my impetus for starting this topic.
508.3	Try out their DRP	ASDG::HORTON		`Tue Jun 29 1993 15:47`	8
	The Moneypaper recommended Stride-Rite for long-term accumulation through the company's dividend reinvestment program. I've been buying a few shares each month through the program's optional cash investment option. Good way to implement dollar cost averaging. With all us brand-conscious yuppies having kids now, SR might do very well.
508.4		ZENDIA::FERGUSON	Your recipe is so tasty	`Wed Jun 30 1993 13:10`	2
	How would one find out / sign up for the aforementioned DRP with this company?
508.5	Shareholder first, DRPer second	ASDG::HORTON		`Thu Jul 08 1993 12:36`	9
	Some companies let DRPers buy the first share directly from the company. Stride Rite is not one of these. You'll have to buy one or more shares through a broker (I got mine through Moneypaper's Buy-One-Share program: share price plus $15 fee). Once you are a shareholder, contact the company at 617-491-8800 and ask for DRP enrollment materials.