Buy Skechers before the Earnings Report April 29th
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.