Skechers USA Inc.NYSE
Jun. 25, 2015, 7:23 AM
- Skechers (NYSE:SKX) is an attractive target for Nike (NYSE:NKE) or Adidas (OTCQX:ADDYY, OTCPK:ADDDF), according to the The Business of Fashion.
- An acquisition would give either a company a stronger position in the growing fashionable walking shoe market.
- Skechers trades at stretched-out valuation after doubling in share price this year.
- SKX +101.9% YTD.
Jun. 13, 2011, 10:23 AMUsually 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%. | Jun. 13, 2011, 10:23 AM