Steven Madden, Ltd. (NASDAQ:SHOO)
The Company designs, sources, markets and retails fashion-forward footwear for women, men and children; name brand and private label fashion handbags and accessories through its Daniel M. Friedman Division.
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Hot Stock in Hot Business Sector
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Shoe sales have been good and SHOO has a good position in the market
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This is a pure momentum play. High 12, 6 & 3 month relative strength, rapid growth, beating expectations, no doubt this company is hot! I am worried about insider selling, however I belive this is simply profit taking.
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It's back to school time, and no outfit is complete without the steve madden shoes. Steve Madden is a trend-setter when it comes to footware. I know, I'm a 20's aged girl, with more than a few pairs of his shoes. I'm pretty sure I have down pat the buying trends of 20-something girls, and Steven isn't going out of style anytime soon.
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