Foot Locker $FL+0.1% results are pretty poor, I really didn't expect this. In addition, the company has suspended dividend payments, ostensibly to allow more flexibility for strategic investments. What do you think? Is FL in trouble or is this a buying opportunity?
Capital Structure
Market Cap
2.2B
Enterpr. Val.
4.8B
Valuation
P/E
-6.1
P/S
0.3
Hands off, and I'm going to avoid it with a wide arc. 😁
It's stupid to invest there now, the drop is decent, but the results are miserable.
I don't know them much either, I don't shop there either, rather what also dropped today is Nike under $100 and that might be worth considering.
I don't know Foot locker as a stock, but I looked at it as a store when I wanted to place an order, after reading x negative reviews I was steering away from them. And then unfortunately, if I as a customer am put off or not interested in their product/service, I have no desire or motivation to look at a stock at all.
After the results I've read in Flash news, I probably wouldn't buy it :D