SKECHERS USA INC (SKX)

Strong Move Up Likely on Volatile Stock

had a good quarter.

Here is a company that could be worth 3-6 billion if they continue growing or get bought by a conglomerate.

I bought a pair of Sketchers in 1999 and I am still wearing them. And that was when they were for sale in Payless shoe stores. They keep up with trends and make quality shoes.

price too high relative to peers

good co, but too high p/e

I agree with Varchild2008 - the current price is low, and this will take off when consumer spending recovers.

This is a travesty! The Stock Price of Skechers is this low??????????

Helloooooo? McFly?????? Are Wallstreeter's seriously this out of touch that they don't bother walking into a MALL????

If you ask me....It should be a Requirement for you Financial Advisor or Wall street Agent.... or whomever you deal with.... To go to the Mall and take a look at SKECHERS and other companys... The MALL never lies and SKECHERS is insanely *Hot* commodity shoes for Women who want arch support they can't really get anywhere else.

great sneakers

This stock is a huge buy on my list due to three factors:

1) P/E ratio of around seven. This is very reasonable, considering the fact that competitors such as Nike are trading for 15 or so P/E.

2) Huge positive is that the equity of this company is actually greater than the stock price. Book value per share is $14.66 whereas the stock is trading at a 10-20% discount from that.

3) The company is still making money. That means that the book value will only be going up.

4) Current assets VASTLY outweighs all the liabilities. This means that Skechers should have no problem financing expansions, paying off bills, or obtaining credit in this credit frozen market.

5) Even in a severe downturn, people will still buy shoes. Although they might buy the cheaper shoes - the Skechers shoes - as opposed to the Nikes. Remember that as long as they can turn a profit, the share should be worth *at least* the book value, or a 10%+ premium from where we are now.

All in all, I'm very, very bullish on Skechers. I believe that once the fear (not the fundamentals, but the fear) over the general economy subsides, this stock will take off like a rocket.

Disclosure: I am long 100 shares of Skechers.

Growth in a difficult environment. 9 forward p/e. Strong international presence that is growing 30-50% this year. Trading at 5% above tangible book value. Last time the stock traded below tangible book value was years ago, and the company was at break even. Limited fashion risk.

Seemed like the stock over-reaced to the quarter. I bought today (7/25/2008)

I like their shoes and I like this stock. When the market turns around so will this one back to 35.

Attractive footwear and price structure, ready to move up with the big boys in shoes.

The Olympics will reinforce the need for sneakers.

The industry has faced a lack of "must have" trends for about a year, along with a difficult economic environment, driving shoe sales lower.

"Sandals and flip flops as a general trend will continue to dominate the market for spring, but I don't think there is any one new thing to drive sales," said Wedbush Morgan Securities analyst Jeff Mintz.

Diversified footwear company (Ecko Unlimited, Skechers, Bebe Sports etc).

Not a one hit wonder like CROCS.

Low levels of debt, still good growth, consumer environment is getting tougher, but they have a diversified product line that is not just high end expensive shoes, and thus still have broad appeal

Always a great shoe... middle class loves them

spent large amounts of money building up facilities to allow them to grow and have larger profit margins. should show in the long run.

Insiders, PE<10