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Varchild2008 (83.70)

Buy Skechers before the Earnings Report April 29th

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April 23, 2009 – Comments (3) | RELATED TICKERS: SKX

Yes... I do not have any shares of Skechers.... My money has been spent buying up Whirlpool and Activision/Blizzard.

However.. Skechers... even though it is run from $5 to almost $9... It is still a screaming buy.

I smell "Rebound Story" in this shoe company as evidenced by my Pumping of the stock on the SKX page.

SKX  should be trading between $10 - 12  a share at sometime this year or 1Q 2010.  It is therefore a stock that should net you a few quick bucks as the shoe company restructures itself through its new partnership deals and South American expansion efforts.

This isn't another CROCS.  This is a growing business versus a shrinking one.  Don't confuse past performance for future performance.  I believe in the management team of Skechers.

P.S.  This stock would have been ginormous had a deal been worked out between Skechers and Heelys.   So far that is not the case... Heelys has rejected past M&A attempts by Skechers.

But.. heck... you have a company with a healthy cash flow to expand their business and 1Q was great progress in terms of bringing down those dreadful inventory levels.

3 Comments – Post Your Own

#1) On April 23, 2009 at 9:30 AM, devoish (98.42) wrote:

I have added to Heelys, because they have the only "shoe that is a toy". Anyone can make decorative sneakers, including Heelys (granted they haven't done well at it yet) and I believe that makes Heelys the more valuable company.

Good luck.

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#2) On April 23, 2009 at 12:53 PM, Varchild2008 (83.70) wrote:

Heelys is the better buy.  I agree!  Good catch.... I never actually looked to see if Heely's was a tradeable stock.

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#3) On April 23, 2009 at 2:31 PM, bizplan2006 (< 20) wrote:

I will buy SKX in mid May on the big dip. You can see one every mid May in the past years.

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