Finance

DID THE FEET FAIL INVESTORS? JFF TAKES HIT ON WALL STREET

9.23.1999

          Just For Feet (JFF) "took a dive on Wall Street
     yesterday, losing almost half its value since Tuesday when
     it said it might sell some of its stores," according to
     Judith Schoolman of the N.Y. DAILY NEWS.  JFF's stock fell
     "more than" 31% yesterday, to close at $1.75, a 52-week low. 
     On Tuesday, it fell 21% to $2.56.  Schoolman: "Limping
     closer to possible bankruptcy due to continuing losses, the
     outlook for the country's second-largest sports clothes
     chain got even dimmer when it hired financial adviser
     Wasserstein Perella to help it evaluate its options, which
     could include the sale of some stores" (N.Y. DAILY NEWS,
     9/23).  Wasserstein Perella is looking to finalize a new
     $200M credit line for JFF (BIRMINGHAM NEWS, 9/22).

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