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Skechers U.S.A., Inc. Message Board

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  • cwtripps cwtripps Oct 27, 2010 6:17 PM Flag

    Take outs from earnings and conference call

    wow, for the 100th time here..SKECHERS just had a record quarter in sales

    and they have only JUST BEGUN to expand internationally. most of these sales are not even hitting the books yet in many countries

    they are not going to buy back shares when massive revenue gains and investment are occuring overseas

    this is exactly what i as a growth investor in cheap stocks wants to see, not a temporary "bailout"

    however, if they ever do a buyback the stock will surge

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    • On 4th qtr sales: barring some disaster, flat is worse they expect, could easily be up. Channel inventory will be something of a drag, not just SKX, but other producer's toner inventory.

      • 1 Reply to algo41
      • company completely missed expectations, but expectations were way too high. we now settle at a 5 p/e after deducting the cash. happy to sit with it as the company rides the intl growth and gets back on track. company value has been cut in half, very solid entry point for smart investors. cover your ears to the negativity, company is solid, no debt, price/sales ratio at .5, incredible product line, selling at roughly book value. i am happy to hold and accumulate.

33.05-0.35(-1.05%)Apr 29 4:02 PMEDT