When looking for opportunities in the consumer goods space, I like to look for established brands that have opportunities for growth. Many of these names are smaller companies that are not flashy on paper but deliver solid returns to investors over time. Today, my focus is on footwear name Steven Madden (SHOO). Like many names in today's market, Steven Madden shares hit a new 52-week high after its latest quarterly report. While revenues missed expectations in a challenging retail environment, the company beat on the bottom line after being able to execute meaningful expense control. Today, I'll examine the name and why I believe there is the potential for significant upside in this footwear retailer.
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