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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
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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 ...
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