Last week, I explored the footwear retailer space by examining the huge potential upside for shares of Deckers Outdoor (NASDAQ:DECK). This week, I'm looking at the other end of the spectrum, a footwear name that could make for an intriguing short. Today, I'll look at Steven Madden (NASDAQ:SHOO), a name I feel that's overvalued currently. Today, I'll explain why a challenging retail environment could mean trouble for the stock during the next couple of months.
Growth picture worrisome:
For the fourth quarter, the company announced an 8.7% increase in revenues. This was helped tremendously by a 10.6% increase in the wholesale business. On the retail side, sales increased by just 1.7%, and that was...
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