It's not just well-run athletic shoe companies like Nike (NYSE:NKE) or Adidas (Nasdaq:ADDYY) that can reward shareholders. The shares of companies that fall more into the “lifestyle footwear” category like Brown Shoe (NYSE:BWS) and Wolverine (NYSE:WWW)
have also done quite well over the past year, with the later clearly
benefiting from the huge scale-up provided by the PLG acquisition. While
I'll admit that underestimating Wolverine could be dangerous as it
continues to surpass sell-side estimates, it's hard for me to see the
value argument for these shares right now.
Please read the full article here:
http://www.investopedia.com/stock-analysis/070913/wolverine-surpassing-its-marks-not-cheap-www-bws-vfc-nke.aspx
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