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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

Comment by commodity16on Mar 29, 2015 2:20pm
183 Views
Post# 23574626

RE:A Double from here?

RE:A Double from here?These price targets in my opinion still grossly undervalue this company. If / when oil price gains traction this share price should be much higher than $3.50. At the current $1.69 share price we roughly have a market cap of approx. 45.6 million. Last october alone stiker raised 100 million at $0.375 (pre consolidation pricing), or using todays share count would equate to $7.50 per share. So todays market cap isn't even half of what the company raised in october. Since then they have put a portion on the equity raise on a couple aquistions which will gain additional organic value to the company no doubt. I am buying up this stock not for the expectation to hit $3.50, but to be up closer to that $10 range. This might seem like a pipe dream this year but the fact is this shareprice has been beaten down to basement levels and the stock trades no where near fair value is. Keeping in mind also that this doesn't take in to account any future acquistions or the premium we should be getting for our stellar board roster. If this company becomes the next "Raging River", as has been labelled since day 1 of the board change last yr, anybody in at these levels is going to make some serious money....just my take on things of course.
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