Collective Brands – Opportunity Afforded by Myopic Market

SUMMARY Collective Brands (PSS) is a major player in the footwear and accessories market and owns such brands as Payless ShoeSource, Saucony, Sperry Top-Sider, Stride-Rite, and Keds.  Each of PSS’s brands serves a targeted market and serves those markets well.  The company’s primary target consumer is lower income but still fashion conscious consumers.  Overall, PSS … » Continue Reading

Opportunity Knocks

Successful investing is more than just identifying undervalued businesses.  It is also about determining why the business is undervalued to begin with.  Most of the time, you will find that it is due to either uncertainty or overreaction.  And nine times out of ten, that uncertainty or overreaction will be based exclusively on short-term results. … » Continue Reading