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:
Skechers USA (SKX)
Q1 2013 Earnings Call
May 15, 2013 4:30 pm ET
David Weinberg - Chief Financial Officer, Chief Operating Officer, Executive Vice President, Principal Accounting Officer and Director
Jeffrey Wallin Van Sinderen - B. Riley Caris, Research Division
Scott D. Krasik - BB&T Capital Markets, Research Division
Sam Poser - Sterne Agee & Leach Inc., Research Division
Skechers USA Inc. (SKX)
Q4 2012 Results Earnings Call
February 13, 2013 4:30 PM ET
David Weinberg - Chief Operating Officer and CFO
Jeff Van Sinderen - B. Riley & Company
Scott Krasik - BB&T Capital Markets
Sam Poser - Sterne, Agee
Chris Svezia - Susquehanna Financial Group
Corinna Freedman - Wedbush Securities
By Andrew Wilkinson:
Skechers USA, Inc. (SKX)
The footwear designer’s decision to purge inventory of some 2 million pairs of its Shape-ups sneakers in exchange for a $21 million loss pleased investors reviewing the somewhat ugly second-quarter earnings report released from Skechers USA on Wednesday.
Market Folly submits:Patrick McCormack's hedge fund Tiger Consumer Management has just filed a 13G with the SEC regarding Skechers USA (SKX). Due to portfolio activity on October 28th, Tiger Consumer has revealed a 5.69% ownership stake with 2,060,317 shares. This is a brand new position for the hedge fund as they did not own shares as of their last SEC disclosure on June 30th.
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).
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).