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> Thanks for the post to get things rolling, Mark. I'd
> requested this board and then became negligent in
> posting anything about GCO's quiet little move.
> Actually, I owned GCO for about six months last year
> while the street ignored three sequential upside
> earnings surprises and the stock traded in a range
> between 11 and 15. Obviously the news in early
> February that GCO was shedding its western boot
> business was the story that everyone was waiting to
> hear. The stock hasn't looked back since then.
> Based on estimated growth rates and EPS estimates, I
> figure this new found popularity could easily
> translate into a $25 share price.

It was the first stock I ever purchased for my portfolio....over
two years ago.

> You wrote:
> >This could be the next Nike. Maybe. Maybe not.
> >Opinions?
> I'm not sure that GCO even belongs in the same Shoe
> and Related Apparel sector as Nike anymore, since
> they're quitting the boot manufacturing business.
> Wouldn't it more aptly be compared to others
> in the Retail-Apparel/Shoe industry group? Maybe
> part of the appeal should be that it's been
> languishing with the wrong classification.

Good point, but Nike is also in the Retail-Apparel shoe business too, and was also referring to its extraordinary stock price appreciation from year 1987 to the mid 1990's ... ;-)

> Somebody tell me I'm nuts for putting off a decision
> to get back on board. (Or tell me why not.)

Well, not too late to get something started, although my new computer consulting business is tying up my time... (Reply in this Fool board, and check the email reply checkbox)

Mark Rejhon
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