mary dillon outlined her turn-around plan coming off a holiday season.er of 2023, the company had seen a weak start to an after school season and a much more cautious consumer. as a result, footlocker aggressively discounted its merchandise. you know how bad that is and simply complete for market share. it got to the point where they were burning through cash so badly it looked like they would have to tap into a credit line to stay in business. they lost a third of its value. it is much worse than we assumed. any potential turn-around would take longer than we were prepared to wait. of course, by the time we figured that out, the stock came down so low that it didn't seem to be selling at all. but the worst part is i really didn't see it coming. i was blinded by the spectacular track record. it is not her fault that the stock got killed in the year after she took over. it took some time just sto access the full extent of the problem. i still believe she's a great ceo. however, i always tell you never want to own the best house in a bad neighborhood. one

i do think, though, i like mary dillon as the ceo. be part of an activist campaign, that's going to be a tough one. and it's ridiculously cheap. so, i think it doesn't set up terribly, but i don't see anybody there at the moment. >> right. >> well, foot locker, you know, it is tail versus dog, whatever, but it certainly is a tale on nike. we just had nike's numbers. three, four analysts, it's interesting, actually have the same headline on their report, which is better than feared. so, that explains to me the move you have in the stock. the stock, which, again, not a broken company, not an expensive company. a question, really, of where do you think you're going to see the next catalyst? it's probably not coming from china. it's probably not coming that marginal dollar discretionary. so i'm sure the stock, you know, i'm -- i'd like to see that move down to kind of the mid-80s and i think it's probably time to not only cover it, but then you start thinking about going the other way. >> mary dillon, she bought some shares recently. she

when they brought in mary dillon as the new ceo i knew the near term would be tough.h foot locker's yield getting close to 5% i figured it would put a floor underneath it. bad judgment by me it didn't save us. because foot locker suspended its dividend the trampoline got pulled. and the stock fell from the 40s to the low 20s the moral of the story you want yield go buy a bond. i like to say there's always a bull market somewhere and i promise to try to find it for you right here oncramer. see you tomorrow "last call" starts now \s >>> even contessa brewer in for brian sullivan right now on "last call", the not so magnificent seven the markets as biggest players, dan nile is here on what comes next >>> ford hits the break. can the new deal lift i fortune? we have the reaction >>> should strikers get unemployment benefits? a controversial bill in congress gains momentum >>> a wild day in cord for sam bankman-fried, setting t