$FL Algorithmic trading occasionally creates price dislocations, and Foot Locker and a few other stocks are oft-victims of this. Currently trading at well below intrinsic and book values. Something to consider.
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$FL is close to its historical intrinsic cheapest.
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According to @NKE, inventory bloat is starting to ease. Good news for $FL. Smart by Nike to emphasize DTC, but Foot Locker’s brick-and-mortar footprint is vital for visiting customers (i.e. for trying on footwear) — hence the “differentiated retail partner” status.
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$FL time to accumulate.
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$FL the beautiful thing about algorithmic trading is the occasional price-value mismatch that it creates.
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@FL still trading at about 25% below book value 🤯
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@FL still priced at about 2/3 of its book value 🤯 Occasionally, though somewhat rarely, these opportunities arise thanks to algorithms that cannot measure value.
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$FL should be a trough year. ~30% below book value. That’s what the algorithms miss. Stunning opportunity.
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$FL you’re not the only one. But don’t worry about technicals, look for value. DKS also a solid pick, though FL greater opportunity.
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$FL long term holders don’t worry. That’s all.
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$SPY up. Fed pause and any potential recession being shallow acting as tailwinds.
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@FL is still about 30% below book value. Nuts ️
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$FL is trading at ~30% below book value. Pretty insane.
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$FL what an opportunity 🤯
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$FL is roughly 0.7 of book value 🤯
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$FL overreaction is way over the top.
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Overreaction is staggering.
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DeSantis is Governor.
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Cheap as heck
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