SHOO - Caleres: A Step In The Right Direction

2024-02-12 06:30:02 ET

Summary

• Caleres, the parent company of Famous Footwear, has seen a 17.3% increase in its stock price since November 2023.
• Despite a decline in revenue, the Company reported an increase in net income and improved cash flow metrics.
• Shares of CAL are attractively priced and cheaper compared to most similar firms, making it a solid investment option.

Generally speaking, I tend to stay away from companies dedicated to the clothing and apparel markets. But I do seem to have a soft spot for those dedicated to shoe wear. I can't really explain why. I do know that, from time to time, some of the companies in this space can be found trading at attractive levels. Even when sales might be depressed, they can generate attractive bottom line results. When added to how cheap the stocks often are, the upside for shareholders can be rather attractive as a result....

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