Foot Locker Stock Is Down, But Is It Out? 3 Red Flags to Watch
It's been a difficult ride for Foot Locker (NYSE: FL) shareholders. In the past five years, the stock has tanked 47%, a huge disappointment compared to the 58% gain of the S&P 500.
The negative trends were propelled more recently by the latest quarter's financials, which missed Wall Street expectations, and guidance that was significantly downgraded. So it can't come as much of a surprise that the stock is down 34% in just the last three months (as of Aug. 12).
But should investors completely avoid this retail business? I think that's a wise decision. Here are three major red flags that explain why.
Source Fool.com
