DoctoRx's  Instablog

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Over 30 years of investing in individual stocks. Extensive business experience with small to mid-size companies, including as CEO. Many hundreds of blog posts on financial and economic matters since 2008. Focus on value with catalysts for upside price action. Background as a physician and... More
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  • Skechers Update- Continued Positive Momentum?  0 comments
    Mar 11, 2013 2:34 PM | about stocks: SKX

    Adding a quick note that Zacks has been flogging Skechers a number of times lately. This links to their latest from today.

    I would note that the writeup mentions a huge insider buy by co-founder Robert Greenberg. I don't see that appearing in standard lists of SKX insider activity, though.

    I don't know enough about Zacks to know if they have any other motivation to promote a stock except that it ranks highly by their screens. The company had a nice announcement last week:

    SKECHERS USA, Inc. (SKX) today announces that the Skechers Performance Division was named the Sports Footwear Brand of the Year at The Footwear Industry Awards in the United Kingdom. This achievement follows a year when Skechers Performance received eight awards from major international running and fitness publications recognizing its innovative footwear product.

    Maybe they're doing things right and perhaps this current quarter will provide a pleasant upside surprise to investors.

    Disclosure: I am long SKX.

    Stocks: SKX
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