Nike up,Crox up,Deckers up....Skechers flat or down!
Talk about the market's own little whipping boy! Their products are good and very popular, tons of cash and little debt, a PE about the same as an average shoe size 9...I guess there are stocks in the universe that short of divine intervention are destined to stay in the penalty box. Want we need is what Deckers got...an Oprah Winfrey blessing! Hello...Oprah, need some more nice shoes to help you stay mobile and keep those pesky pounds off?
Good call, Oprah would definitely help! Noticed in this morning's WSJ that in addition to Brown Shoe's big earnings, GCO also reported much better results yesterday. Clearly, the shoe space is doing well. I think SKX has bottomed and with the holidays upon us, I suspect SKX stock price will pick up as well, given the news in the group and the 50% off sale on the stock price. Good luck longs and happy holidays. Luka
Good point luka. I missed out on J. Crew by 2 days. Sold with a small profit just before they got bought out. Thats happened to me more times than I would like to remember. I'll be dammed if I sell any of SKX...or maybe you people may want me to sell...then it'll get bought out for sure...LMAO!