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Skechers USA Inc. (SKX)

- NYSE
  • Thu, Jun. 25, 7:23 AM
    | 16 Comments
  • Jun. 13, 2011, 10:23 AM
    Usually it doesn't work this way: VF Corp. (VFC +10.8%) soars after its $2B deal for Timberland (TBL +42.9%). The M&A rule of thumb - the stock price of the buyer gets pounded over worries that the price paid is too high - has come undone lately because Wall Street is welcoming industry consolidation on hold since the crisis. Footwear peers: SHOO +1.9%, DECK +1.7%. SKX +0.6%.
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Company Description
Skechers USA Inc designs and markets Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women underthe Skechers GO brand name.