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Shares of Skechers (SKX -4.3%) trade lower after Wedbush initiates coverage on the company with...

Shares of Skechers (SKX -4.3%) trade lower after Wedbush initiates coverage on the company with a dour Underperform rating. The Street isn't overly optimistic about the stock with only 1 rating out of 7 on the books above a Hold.
Comments (1)
  • Amvona
    , contributor
    Comments (232) | Send Message
     
    The analyst misses the mark. ...amongst other errors in the report, there is hardly an inventory problem – on the contrary - toning "overhang" is about two quarters in the past.

     

    $11 PT is about Net Working Capital alone (means ~400 mln. in tangible assets totally for free, and no value placed on the brand itself, or the company as a going concern)

     

    Worth noting that “GoRun” is one of thousands of sku’s.

     

    see also: http://bit.ly/GVizyb

     

    http://www.amvona.com
    27 Mar 2012, 10:33 AM Reply Like
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