Is this your personal rating or an actual analyst? I doubt is any analyst would come out with a sell rating since they only make those moves after a stock has already gone down 30%. With a huge quarter coming and growth next year it is folly to issue a sell here.
The stock will trade near the current level until the date of closing which is the effective date of the stock split. The next morning the stock price will open at approximately a 1/3 of the value. So if you bought today thats what would happen. Now the addtional shares may take two days to show in your acocunt.
How overpriced it is? NKE at $122 with estimated 2017 EPS $4.88. SKX, at $126/share, its 2015 estimated EPS is $4.97, 2016 EPS is $6.48.
The price moving is the manipulation by funds managers, since this company is almost 100% owned by institutions or insiders. When time comes, it will be in $200+ within a blink.
Good points Gumby. I'm looking to buy in last week of Jan., 1st week of Feb. I think thats what the charts say for the next uptick. I've sold 2/3 of positions. See you all in 2016, unless SKX runs up to $145 before that, then I'm buying again. Don't mind paying more for confirm. of uptrend.
I know what products they sell. I have been a share holder for many years and listened to many cc's. Just pointing out they have no surge for Christmas. Fourth quarter earnings last year were 43 cents after a 3rd quarter of $1. Not an off quarter either since 4th in 2013 was only 28 cents. I don't understand it but they have no holiday bump or the products are all shipped in the 3rd quarter.
The Co. sells much more than sneakers - but you must nOt have teen sons if you think sneakers are not a Christmas gift.
Did you do a lot of research regarding holiday sales here? 4th quarter is by far their weakest quarter. Sneakers are not really a holiday gift , more of a summer time or back to school sale item. Their guidance was kind of open ended. Most expect a solid beat again but with China in question that may be raising doubt. I think the question is whether they can continue nice growth numbers into 2016 -17.
An insider sold his shares - maybe he was retiring - the company is solid - Christmas is coming - so sales are going up
I agree its a good stock with a lot of postives behind it, however I am worried that maybe it was really over priced, why else would explain the drop of 25% from its all time highs?