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Skechers USA Inc. Message Board

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  • cwebjohn cwebjohn Jun 22, 2011 11:04 AM Flag

    insider buys

    According to E-Trade:

    There has been no insider purchase of SKX stock within the last year. In fact, there has been only one insider purchase ever, when SCHNEIDER FREDERICK H JR purchased 5,000 shares on July 31, 2006.

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    • The last sales by a major officer were the CFO over three months ago. He rolled an option that was going to expire on November 6,2011 and become worthless. Let's at least try and be fair here, everyone of us would probably have rolled the thing when the price was higher. The option was for ten years and had been fully vested since Nov 6, 2004. If you want to bash him for selling at too low a price you will have a fair arguement. I take it as an indication they made mistakes on how long it would take to get rid of the inventory or he would have sold it higher. If you want to bash him for that you have a fair arguement as well, but to think he is going to report a bad quarter and let the rest of the value of the option fall away is not fair, IMO.

      http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001209191%2D11%2D016166%2Etxt&FilePath=%5C2011%5C03%5C08%5C&CoName=SKECHERS+USA+INC&FormType=4&RcvdDate=3%2F8%2F2011&pdf=

      My guess is the original poster knows these things anyway, but he probably has not played the tape forward to the point to realize that if anyone else in the company has any of these November 6, 2001 shares still under option, they are going to get rolled during Q3 at whatever price the officers and employees can get for them, above the strike price. Waiting until after Q3 is reported sure puts a close time on them being able to pull it off, but they might have time. If they roll them down here at these prices we will get another string of insider selling threads claiming they are dumping at any price.

      I will not go into it, but if the price is low enough we could see them simply exercise any shares they have left on these options and hold them.

      Just getting a little ahead of the curve. Let's hope they have gotten rid of these, issued themselves a new batch down here and make themselves another few million if they can bring the share price back.

 
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106.02+0.15(+0.14%)Jun 1 4:04 PMEDT