http://www.fool.com/News/mft/2006/mft06030301.htm?ref=btpOverpaying for Payless?By Ryan Fuhrmann, CFA March 3, 2006 Payless ShoeSource (NYSE: PSS) has had a stellar run lately, more than doubling its stock price from a low of $9 in late 2004. Since then, a new management team has cut the fat, streamlined operations, and subsequently revitalized margins and earnings. But the future direction of the stock price will depend on whether Payless has entered a new paradigm of consistent growth in its 4,600-store base, or whether it has already experienced most of the recent recovery.....
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