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Skechers hammered again yesterday.. new 52 week low...



June 09, 2011 – Comments (3) | RELATED TICKERS: SKX

Skechers (SKX) was hammered again today.. down nearly 8%. I have been looking at them recently as a potential long candidate, but still need to do more work before I can pull the trigger. TMFAloha recently bought them in his Rising Star portfolio and did a good job of describing the opportunity:

I am going to continue researching and I will try to post my ideas as I go. Any sort of feedback, additional thoughts, questions, anything is appreciated. 


3 Comments – Post Your Own

#1) On June 09, 2011 at 11:26 AM, Valyooo (34.27) wrote:

SKX will never be a value play

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#2) On June 09, 2011 at 1:06 PM, DaveMarcus82 (34.92) wrote:

Well at a glance, they do have a high earnings yield of 12.4%, so this may not be a bad time to hop aboard. They are at a 52-week low, but that could be another opportunity tell.

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#3) On June 14, 2011 at 5:03 PM, XMFConnor (96.50) wrote:

Valyooo.. do you have any reasons for your statement? I would be glad to discuss the merits of the investment... but I don't see how you can say that SKX will literally never be a value play.

At any price, a viable business is a value play.. and I don't see how you can say SKX is not a viable business given that it has been profitable 14/16 years. Maybe you do not think it is below intrinsic value at the current price--- that's a legitimate stance that can be debated.

However, to say that SKX can never be a value play is foolish IMO.

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