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A Value Stock
Skechers U.S.A., Inc. (NYSE:SKX) has seen its share price fall by over 28% in the past year and is now regarded as a value stock by many investors given that it
Skechers: A Long-Term Compounder With Defensive Characteristics
Summary
- Skechers U.S.A., Inc. is the third largest sports shoe brand in the world that is in value territory now.
- Skechers has a 73% upside and has the potential to be a long-term growth compounder with its strong DTC and China expansion execution.
- With a strong value for money proposition, Skechers should also thrive in a recessionary environment and even gain market share from its competitors.
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Analyst’s Disclosure:I/we have a beneficial long position in the shares of SKX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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