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Shoe sellers Skechers (SKX -6.9%) and Steven Madden (SHOO -4.4%) trade weaker after Deckers...

Shoe sellers Skechers (SKX -6.9%) and Steven Madden (SHOO -4.4%) trade weaker after Deckers Outdoor delivers a sales warning that resonates across the shoe sector. Could the selloff be a bit overdone with both companies showing Q3 revenue gains Y/Y and issuing relatively positive guidance for Q4 or did Deckers wear down the multiple the sector will trade at?
Comments (1)
  • Wyatt Junker
    , contributor
    Comments (4503) | Send Message
     
    I call this the Imelda Marcos trade.
    26 Oct 2012, 12:48 PM Reply Like
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