DoctoRx's  Instablog

A quick update on Skechers (SKX). On Feb. 15, SA published a bullish article on this by me, addressing aggressive accounts. I just noticed that Zacks, which tracks analyst recommendation changes, has it as a #1 ranked stock as of Feb. 19.

If the overall market tanks for any reason or no apparent reason at all, and certainly if a recession comes again to the United States, SKX is not a prime candidate to be a safe haven, LOL. But the company has, for all its up-down operating results, rapidly built up tangible book value, so it's actually created something. As the months and years go by, if their updated business plan and new products reprise their prior up-cycles, I'm shooting for a 50%-100% return. I'm hoping there's good downside support from the combination of tangible book value and any intangible value the company has created in various ways, should operations not go as well as I hope.

People following these posts should be aware that in toto, I have a low portfolio percentage exposure to stocks. But I want to keep some exposure, given a lack of other attractive alternatives for savings. So as long as overall exposure to the market is low, I'm then free to be selectively aggressive. Thus, long SKX.

Disclosure: I am long SKX.