SHOESeeking AlphaShoe Station: Half The Float Sold Short, Yet Priced Below Working Capital
Shoe Station trades at a discounted valuation despite $132 million of cash and marketable securities and no financial debt. Nearly 50% of SHOE's public float is sold short, far above the short interest of its peer group. Management has paused its aggressive rebannering program, which should materially reduce near-term capital requirements and support free cash flow generation.
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