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Skechers USA Inc. Message Board

  • quicktwosmile quicktwosmile Jul 26, 2012 11:51 AM Flag

    A Loss is still a loss - even if you beat estimates

    The stock is trading WAY too high based on intrinsic value .

    If the stock was trading a $4-$5 a share and it beat esp estimates by posting -.04 vs estimates of -.09 ok, then a rally is justified because of the current trading level.......

    But we are trading at $18.50 a share and STILL posting losses.......at this price level we should be putting up POSITIVE EPS.....like Croc's is........

    Putting up a loss which is the second loss of the year and having a full year estimate of only .11 eps for all os 2012 makes SKX the MOST EXPENSIVE SHOE STOCK on planet EARTH....much more expensive than Nike - which is a FAR BETTER shoe company than SKX.......

    We have no business trading at $18.50 a share putting up continual losses with the marco consumer market weakening......not getting stronger.

    Year over year sales are still dropping too ........

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    • skx stock is trading at liquidation value. It is hard to say it is overvalued when operations are ascribed a value of 0. The recent transaction of collective brands selling their shoe brands to wolverine for several billion dollars indicates the huge intrinsic value to the brand names alone. Skx stock will move up from here. The worst is over. Q3 and Q4 will be much better than expected and 2013 is looking like 1.50-2.00 in profit at least. margins strong, inventory great, shelf space expanding, retail going strong for their owned stores. All at 0 value. Get on board.

 
SKX
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