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

  • cwebjohn cwebjohn Jan 9, 2011 9:30 PM Flag

    Sick of those expecting the PPS to go down

    In almost every message it seems like a poster expects this so-called footwear report to destroy the PPS another 20%. Are you all seriously out to make a buck off of one single report? I mean, how can you defend a company based on its fundamentals and stab the company in its back?

    I am not investing in a company based on a simple report filed online. What if this report was manipulated in some way based on incorrect statistical data? Why can't this data become available to the public? Are we simply paying insiders to manage how we think and operate as investors? And why should we let others dictate how we invest? Shouldn't we have more trust in the management if we are investing in their company?

    I for one am sick and tired of hearing about the whole toning business and whether it will make or break Skechers. Skechers is not just a one-shot in the dark business.

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    • Well, as I said many times, I expect shapeup sales to decline.

      I like SKX at this price even if their shapeups sales drop to $0.

      However, stocks CAN swing lower than they should.

      This is a market afterall. Psychology is a factor.

      I feel the stock price would have been better served if management low balled this earnings and margins and then were either in-line or exceeded.

      Seems like the stock took a whack even though they didn't.

      It may take another whack if they miss.

      I am not fond of management that never seems to buy their own shares but hand themselves a ton.

      Also, the directors that are getting what I believe is 250K per year seems high.

    • I don't think anybody's stabbing the company in the back. We've all liked the fundamentals for a while, but the price keeps getting beat down. We are trying to figure out why, and some speculate that the shorts may use the report for the next attack. Can't you see that the report does confirm some of the reasons why Sterne Agee downgraded it (lower margins, deteriorating market share)? There is both good and bad in the report. Looks to be short term bad with longer term good. Whether the price goes up or down over the next week is speculation.

      By the way, the trend is your friend, and until that changes......

22.94+0.02(+0.09%)Oct 20 4:02 PMEDT