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It's a shame nobody posts in this particular forum. Genesco has been one of my best performers. Upon a conversation with someone who purchased some Genesco at a price of only 2 during the year 1994 (I believe), and I bought some at 5 1/4. He provided some net profit comparisions between this Genesco and Nike, and showed me that Genesco had more healthy margins with the potential to have a wonderful comeback (which happened)

This has been an excellent turnaround opportunity back then, and now it's approaching 20, with a price-sales ratio that's still less than 1.0, and a forwad PE ratio of less than 15. Compare that to a company like Nike.

While this is a fairly cyclical sector, Genesco has done an excellent job of more consistent average revenue growth since then, and I expect them to beat the $0.09 estimates handidly this month (even though this quarter is generally weak for them) due to the excellent North American economy and people buying for the spring. In comparision, they earn over a dollar per share profit per year.

It's one of those gems that gets ignored, in favour of big name high-tech stocks and brands like Nike. This stock earned much more for some people than IOM and AOL ever did, and this is a relatively quiet stock in comparision.

Does Genesco sound familiar? No? Well, you're about to find out if you research on this stock. If you've ever been to one of those Journey's store or one of their other names, then you've already visited Genesco without knowing it, though! If they're not in your city, you'll be pleased to hear that they have plenty of room to keep expanding their footwear business and place one of these stores in your new neighbourhood mega-mall.

This could be the next Nike. Maybe. Maybe not. Opinions?

If anybody ever reads this board, please send a copy by email ( when replying to this message.

Mark Rejhon
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