Since its IPO this stock has been sinking. I realize department/discount shoe stores are not hot growth businesses, but this stock is now down below 1/2 book and less than 6 x projected earnings. My wife won't buy shoes without lots of trying on, and suspect she is not alone, so I can't believe the customers will move to e-commerce. The "Wise" analysts rate it a buy/strong buy. Is it a real value or am I missing something? Opinions?
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