It can take a few quarters for Wall Street to dial in its expectations
when a company has started out/underperforming, and that's particularly
true in cases of turnarounds. Brown Shoe (NYSE:BWS)
enjoyed a good two-year run in the market as the company's
turnaround/restructuring efforts paid off and as the company's
outperformance reset the bar for expectations. While the company's
second quarter results and guidance weren't bad as such, they would
suggest that maybe the Street has finally caught up to the story and the
momentum angle of outperforming expectations is no longer in play.
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http://www.investopedia.com/stock-analysis/082713/has-street-finally-overshot-brown-shoe-bws-dsw-shoo-rost.aspx
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