Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next
Author: hey4ndr3w Two stars, 250 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 129  
Subject: Re: Reebok Acquisition Date: 8/5/2005 10:08 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I originally purchased RBK on the recommendation of the Motley Fool Investment Advisor newsletter. I did my homework: it had been trading a goodly margin below its intrinsic value for some time; its marketing dollars were being spent efficiently; I couldn't find much wrong with the recommendation. So I went long for a little more than a year with a very small position.

But ya know what? I don't like the shoe business. I don't understand it. I don't *want* to understand it. And I sure as shootin' don't want to try and understand an overseas-based shoe business, which is what RBK will be once the merger is complete.

I took the opportunity to get out, with about a 50% gain, and I feel really good about that.

Just one Fool's opinion ...
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next


Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Smuggling Rice and Garlic
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.