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Steve Reitmeister
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I am the Executive VP of Zacks Investment Research in charge of Zacks.com and all its services for individual investors. I have a top down investment approach with a focus on value and upward earnings estimate revisions. And there is nothing I enjoy more than sharing insights with fellow investors.
My company:
Zacks.com
My blog:
Zacks.com
  • If the SHOO Fits 0 comments
    Aug 22, 2010 10:58 AM | about stocks: SHOO

    There is a lot to like about Steven Madden (SHOO). For the growth investor earnings are up 40% YOY and estimates keep climbing for the future. The growth stems from the shoe/boot category being amongst the strongest in retail. And the fact that Madden has a flair for style and reasonable price points keeps demand high.

    For the value investor shares are trading at only 12-13X next years earnings. Throw in a pristine balance sheet with over $3 per share in cash. 

    The stock has just risen above a $1 billion market cap. That is a magical # in the investing world as many professional investors wont touch a stock smaller than that. Now SHOO is appearing on more radar screens which should help shares going forward.



    Disclosure: I own it.
    Stocks: SHOO
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