Skechers is listed on a newly launched and unique shopping website, http://Brandegory.com. As Skechers has online battles regarding the sale of fake goods and the practices of many online resellers, Brandegory.com may actually develop into a supportive financially significant direction. The site solely focuses on connecting consumers with brand owner websites. Individually the websites of brand owners are constrained – shoppers are attracted by collectives, as illustrated by people shopping at a mall. By providing a collective online presence for brand owner websites, the Brandegory.com concept could help Skechers website (and those of other brands owners) become a more significant online shopping destination. While not significant now, the Brandegory.com concept, “Shop Brands at Brandegory.com”, is intriguing and potentially significant in the important online sales segment.
This stock is a POS. I get it is a down day for most, but out of 35 stocks on my screener this is the only one down more than 2.5% as it currently sits down 3.55%. Other retail stocks are down much less and other footwear manufacturers are down much less. This stock (and its management) suck.
#$%$ is wrong with this stock. Footlocker, Finish Line, Nike, Under Armor are all struggling which should mean potential for revenue pick up for Skechers. Has gone down over 10% since earnings and earnings were very good. They had two good probably cheap celebrity signings. And every red day the stock is down like 1.5% to 2.5%, every green day it struggles to get past a 1% gain on the day. Getting sick and tired of this stock. Management needs to pull their head out of their #$%$ and do a share repurchase. They have $800 million sitting in the bank doing nothing.
Overall I think we will see upside for SKX in the short-term. Perhaps a pullback next day or so could occur I suppose but are yall also seeing a further leg higher? awe.some*sto-cks just allerted a new stock - it beats having to dig online yourself for new stock ideas.
Downside risk pretty much eliminated now I would guess, thoughts? awe-som*sto-cks just allerted a new stock - it beats having to dig online yourself for new stock ideas.
Positive technical buying signal. Target: 33.79 at 9trading.
Another 5 down days in a row stretch. FL reported that SSS are down 6% in Q2 and they expect them to be down 3-4% for rest of year and SKX goes lower? Anyone think SKX is actually taking market share from FL and their overpriced Nikes? Buy on this dip. Wait 2 months until next earnings release and enjoy the gains.
Would love a little pullback to add more shares.
Everyone is optimistic here. The truth is it is near a high and disappointed. It will likely hit 27 and hold there to 28- 29 before net earnings or some good news. Long term should be positive.
Frustrated Longs are selling.. 5 day chart looks looks like a slow bleed. They may have missed the bottom line but the top line is most important.. Time for UA to improve their top/bottom line with a SKX purchase. 38/share. :)
why analysts love Skechers so much?
According to today's Q2 institutional ownership release the top funds increased their net holdings of Skechers by almost 9% from the Q1 released figures. Less float now in the marketplace.
I've always said SKX is worth atleast 30 bucks and today I have raised my PT because of GROWTH. I think WS wants to much but SKX business is good. They know it and we all know it listen to that CC think managements knows something????
Add back the $s that they are spending on global growth and they'll be earning close to $3/share annually.
This stock is schizophrenic. It was down almost 10% after earnings release, then it got to a positive 5% gain after they said on conference call that operating margins would be 12-13% next year. Now it is basically back to flat. I get the move from down 10 to up 5, because the earnings miss is purely growth costs (and South Korea) which are not recurring next year. I don't get from up 5 to flat. It's like they can never have one good all around quarter where revenue is good, earnings are good, and guidance is good. That would be nice. And why did not one analyst ask about what they are doing with their $750M in cash. That is an insane amount for the company to continually be sitting on. Stock buy back or special one time dividend needs to be announced.
Weak hands have been shook out, now begins the next leg up.
The battle rages. Shorts trying to trash the product, longs pointing at consistent market growth and balance sheet. Good, well-managed company but victim of options trading. Stock price does not reflect quality of company and product.