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Foot Locker Is Running Away With Runners Point

By Rich Smith - May 20, 2013 at 7:00PM

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

Foot Locker ( FL -4.84% ) 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.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Stocks Mentioned

Foot Locker, Inc. Stock Quote
Foot Locker, Inc.
FL
$45.64 (-4.84%) $-2.32
Dick's Sporting Goods, Inc. Stock Quote
Dick's Sporting Goods, Inc.
DKS
$117.56 (-4.34%) $-5.34
The Finish Line, Inc. Stock Quote
The Finish Line, Inc.
FINL

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