05-23-2014, 09:56 AM
(This post was last modified: 05-23-2014, 10:16 AM by earthtodan.)
My portfolio has almost no exposure to consumer cyclicals, particularly retail. After talking to an investing buddy, I realized I should really consider buying some exposure to a continued upswing in consumer spending.
Enter FL. Foot Locker has experienced a healthy recovery since the recession, and doesn't appear to have been brought down by Zappos/Amazon. They are growing their dividend, and the payout ratio stands at about 25%. Before the recession, they were also growing the dividend, and held it flat (but not cut) through 2009 and 2010. The balance sheet is cash strong and debt free. It looks like a decent value on Finviz, although Finviz hasn't been updated since this morning's earnings beat, which probably means the P/E is actually better than it shows. What do you all think?
Enter FL. Foot Locker has experienced a healthy recovery since the recession, and doesn't appear to have been brought down by Zappos/Amazon. They are growing their dividend, and the payout ratio stands at about 25%. Before the recession, they were also growing the dividend, and held it flat (but not cut) through 2009 and 2010. The balance sheet is cash strong and debt free. It looks like a decent value on Finviz, although Finviz hasn't been updated since this morning's earnings beat, which probably means the P/E is actually better than it shows. What do you all think?