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Skechers gains after investor pushes for buyback, dividend, end of dual-class structure

Dec. 01, 2021 11:36 AM ETSkechers U.S.A., Inc. (SKX)By: Joshua Fineman, SA News Editor10 Comments
  • Skechers (NYSE:SKX) rose 3.6% after an investor revealed owning a 5.1% stake and is pushing for the footwear company to start an "aggressive" buyback and initiated a dividend.
  • Tremblant Capital, which owns 6.87M Skechers (SKX) shares, said the company can "conservatively" buyback ~40% of its share

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Comments (10)

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No need for gimmicks. Just let Skechers keep doing what they do. They will be acquired or the market will catch up to them eventually. Until then enjoy the opportunity to buy this solid company, especially on dips.
@toddjohann Horse laugh....mature company, that is shareholder unfriendly.
@toddjohann Paying a dividend is not a gimmick. And corporate governance best practice is not to have a dual class structure.
@tgr65 @turkey Trot -- always open to alternative views, but not sure why you bother to reply to me if this nonsense is the best you can muster. If you want a dividend paying no growth single class company that caters to wall street, then you have plenty of other choices. best of luck.
it's about time.
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