Foot Locker, Inc. FL

going up from here

$FL Algorithmic trading occasionally creates price dislocations, and Foot Locker and a few other stocks are oft-victims of this. Currently trading at well below intrinsic and book values. Something to consider.

$FL and $NKE relationship will continue and remain strong, in spite of what you might read/hear. The fractionally reduced Nike footprint doesn’t negate from their win-win relationship.

$FL is close to its historical intrinsic cheapest.

According to @NKE, inventory bloat is starting to ease. Good news for $FL. Smart by Nike to emphasize DTC, but Foot Locker’s brick-and-mortar footprint is vital for visiting customers (i.e. for trying on footwear) — hence the “differentiated retail partner” status.

$FL time to accumulate.

$FL the beautiful thing about algorithmic trading is the occasional price-value mismatch that it creates.

@FL still trading at about 25% below book value ?

@FL still priced at about 2/3 of its book value ? Occasionally, though somewhat rarely, these opportunities arise thanks to algorithms that cannot measure value.

$FL should be a trough year. ~30% below book value. That’s what the algorithms miss. Stunning opportunity.