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Foot Locker Is Running Away With Runners Point

By Rich Smith – May 20, 2013 at 1:00PM

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A great deal on a new acquisition could do great things for Foot Locker's growth rate.

Foot Locker (FL 0.53%) may not be the sexiest company on earth, but it is smart. Two weeks ago, Foot Locker made a very savvy buy when it snapped up a leading German footwear retailer at a very big discount. 

"How big was the discount," you ask? And what does it mean for Foot Locker and its shareholders? Listen in and find out, as Fool contributor Rich Smith gives you the 411.

Editor's note: The announcement of the acquisition was made on May 8.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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