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Skechers USA Inc. Message Board

  • cwebjohn cwebjohn Jun 23, 2011 1:10 PM Flag

    2007 buyout rumors

    Was anyone around here at that time? The stock was in the 30's and the rumor was that KKR was interested in mergin the company with Genesco.

    Do you think management would sell for a number in the 30's if they had a second chance?

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    • We can suspect Jeffery Greenberg would vote yes after the way he dumped last time it was in the $30s

      I lean to no for Robert and Micheal. I still believe they have a family business here, in their minds, built from the ground up with the last of the family money left from L A Gear to the number two shoe company in the country. It is their baby and I truely believe large egos are involved. Remember also, they are drawing paychecks while they work through this inventory mess or any in the future.

      I have a slight nagging in the back of my mind fearing they go private at these levels.

      Just my two cent and as wrong as I been, those two pennies might not be worth much.

 
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