Everything going right for Skechers, have a feeling this will be a blowout quarter with a beat on topline, close on bottom line, and a raise of the FY Forecast. Hopefully SKX CEO will tell also have a plan on how to spend some of their cash (stock buyback is my hope).
1. Adidas lost court case to SKX, removes a risk 2. Payless closing 800 stores, gives SKX incremental revenue 3. JC Penny, Macy's, Sears, KMart, and tons of other retailers closing locations, gives SKX incremental revenue 4. International expansion still going on strong 5. New product lines are resonating with consumers 6. Two analysts have said their back channel checks are showing domestic wholesale doing better then expected and SKX should return to growth there 7. The Easter impact of falling into this quarter is more significant then SKX let on which is a benefit to Q2
I would love an analyst to ask on the next call if SKX has received any buyout overtures from anyone. I think private equity could take them private for $6.5B and in 3 years IPO it for $10B.
Will we drift down to 25? Rinse and repeat, analyst crooks. You can bet if we hit 25 they will downgrade the stock...
Upgraded to Buy at Citigroup. See it on Marketwatch.Upgrades
Good shoes good valuation
Anyone see any signs of a squeeze?
Upgraded to Positive at Susquehanna. See it on Marketwatch.Upgrades
This is a S-8 filing today from Skechers. Anyone familiar with what this says? Are they giving out 15 millions shares at a cost of $350M?
If you trade on analyst comments, you will never make a profit. They do control much of the price movements, but 90% of them cannot find their #$%$ with both hands. Quit watching CNBC and the rest of the clown shows. SKX will do well long term (next two years).
Everything else I'm watching is bouncing back from yesterday, but not SKX. Down yet again. #$%$ is wrong with this stock. And what is wrong with this CEO sitting on their cash. Stock buyback is a no brainer except for this guy. It's like he needs a comfort blanket of $600-800M sitting in the bank doing literally nothing.
Foot locker said all their decline in sales is no one buying Sketchers clown shoes...
New 52 week low indicator triggered here see you below 15 for June or Julys exp.
Consider SKX a gift at this price. When the big boys are looking for growth there will be no other choice but to buy it out. Good things going in the short term as well.
Citi Research analyst Corinna Van der Ghinst has pegged the Manhattan Beach, Calif.-based brand as the biggest beneficiary of bankrupt Payless ShoeSource’s store closures, given “its competitive advantages in the $40-price-point range.”
“Skechers [does] high-quality takedowns of nearly every key style released by the major footwear brands, [has] faster speed to market than peers and a strong brand connection with value and mid-tier consumers,” Van der Ghinst wrote in an April 6 memo. “With Skechers’ new segmentation strategy [targeted toward] recapturing some of the $40-price-point business they had migrated away from in recent years, we believe that [its] expanded Bobs line this year will be well positioned (and well-timed) to capture share from the Payless closures.”
7 Shoe Companies Feeling the Impact of Retail Bankruptcies
Some names on this list may surprise you.
This is the poster child for sell in May and stay away......This is #1 short for hedgers...
getting really sick of this garbage stock. And when and if it does go up, take your profits and or breakevens or even losses and run for the hills. Great company, broken stock and wall st hates it and will always hate it. It's retail. and retail sucks even if international is growing by leaps and bounds They need outstanding domestic growth and that ain't gonna happen. They need to concentrate more on online and not all these stores they are opening up. Retail is a dying breed and most likely never return to those glory days. You may and should get a pop at some point. When that will happen is anybody's guess. Down the road, even when and if it pops, it'll be right back to what you are seeing now once they have another lousy quarter. Three steps forward, two steps back, one step forward, three steps back and on and on and on. Ten years from now I guarantee you'll make very little to no money. Unless they get bought out. Oh and I own several pairs of their sneakers and quite honestly there are pretty ugly and nothing thats so wonderful about the fit and comfort. Some I own are actually too soft and mushy.....