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Skechers USA Inc V.SKX


Primary Symbol: SKX

Skechers U.S.A., Inc. designs, develops, and markets a diverse range of footwear, apparel, and accessories. The Company offers footwear, apparel, and accessories for men, women, and kids. The Company operates through two segments: Wholesale and Direct-to-Consumer. Wholesale segment is comprised of sales to a network of partners including Skechers-branded stores operated by third-party franchisees and licensees, family shoe stores, specialty athletic and sporting goods retailers, department stores and big box club stores, and Distributors in select international markets. Direct-to-Consumer segment comprises sales by the Company directly to consumers through a combination of channels including company owned Skechers-branded stores, company owned e-commerce sites, and third-party marketplaces and digital platforms. Its lifestyle offering delivers comfort technologies such as Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam, among others.


NYSE:SKX - Post by User

Post by zoomzoom3on Dec 05, 2014 7:38pm
173 Views
Post# 23201671

Jermiah777

Jermiah777Good points BUT back then NO ONE like you said saw it coming then wham $30 oil, but this time there have been several people actually calling for the potential for something like that to happen which generally means it won't. Economic conditions are much different from that time too. Either way I am ok as I have been Buying Yesterday and Today but have only bought a half position as I wanted to be in at this level because if it is infact the bottom then great. In the event that you are right and oil does go breifly into the $30 or $40 range I see ELW shares maybe hitting 8 cents at the very lowest, then I will pick up the other half of my position but either way I am ok I just dont want to miss the boat once the last of the sellers if finally done and ELW takes off like a rocket ship. In the long run 9, 10, 11, 12, 13, 14 or 15 Cent average wont matter much when we are trading north of 50 Cents. EVERYONE in ELW is in with a cost base of more than 10 Cents so in my opinion the downside is VERY LIMITED but the upside potential is unlimited with this Manaegment and board of directors. Plus the TAX LOSS selling season will be over in a matter of weeks then we will see a nice pop in the stock price so just make sure you are aboard for the run when it does happen and not like most who will be chasing the stock. Good Luck
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