By Gregory M. Lemelson: On November 29th, 2011 Amvona published the article "Why we're still buying Skechers stock." The article indicated that shares in the company had been purchased for investor accounts between $11.86 and $12.77 per share. Here were a few of the reasons for the purchase outlined at the time:
Gregory M. Lemelson submits: Skechers USA (SKX) fell almost 8% on Tuesday after an analyst said it may have overestimated demand for its toning shoes, and downgraded the stock to "Sell." From Bloomberg:
By SA Editor Miriam Metzinger: Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Wednesday June 4.
CEO Interview: Robert Greenberg and COO and CFO David Weinberg, Skechers (SKX). Other stock mentioned: Nike (NKE)
By Zacks Investment Research:
Although many retail names were hit hard by the cold weather, a few have managed to post strong results. Interestingly, the footwear segment has been an especially strong performer with a number of companies in this space beating out results.
By Tansy Trading:This article is part of a continuing analysis of Skechers (SKX) a company that rode the wave of toning shoes in 2010 and the subsequent crash in the toning shoe market in 2011 and 2012. The aftermath of that significant business interruption serves as a fertile area of business financial analysis and investment theory in a volatile but soon to be very successful company.
Andrew Wilkinson submits: BP PLC (BP) – A large-volume bullish bet on oil and gas company, BP PLC, today indicates one big options player is posturing for a significant rebound in the price of the underlying stock by October expiration. BP’s shares are trading 1.65% higher on the day at $51.02 as of 12:00 pm (ET).
Rougemont submits: The shares of Skechers (SKX) have been in a serious downtrend for several months. The shares were at a 52 week high in June 2010, at about $44 per share and hit a 52 week low in October 2010, of about $19 per share after reporting earnings and guidance that were below expectations. Since then, the shares have barely risen above the $19 lows and now trade for around $21.63 per share.
SKX – Skechers USA, Inc. – Bullish options investors are engaging in plain-vanilla call buying on the maker of contemporary footwear this morning with shares of the underlying stock up 1.2% to $37.08 as of 11:10 am (ET).