Skechers U.S.A. Inc.  (SKX)     Rate SKX  -  Discuss SKX  -  Add to Watch List        

Old news now, but Skechers (SKX) second quarter was less than stellar. It was sort of a replay of the December '07 quarter, weak top line and a miss on the bottom line. Gross margin looked great, but G&A expenses deleveraged the sales line. A positive swing in interest expense and other income boosted the eps comp by 2 cents, while a lower tax rate also modestly detracted from earnings quality. Inventories rose 31%, so shoppers better show up in Q3 or that may become a burden.

The midpoints of management guidance for the September quarter are revenues, up 9.5%, and earnings per share, up 15

Filed under: Newsletters, Stocks to Buy

"Skechers USA (NYSE: SKX), a trendy California-based retailer, is a new buy recommendation on our 'hot list'," says John Reese, who selects stocks based on the criteria used by several legendary stock pickers.

In his always-fascinating Validea newsletter, the advisor explains, "Skechers gets approval from two of my guru-based strategies, those that I base on the writings of Peter Lynch and Kenneth Fisher." Here is his review.

"My Lynch-based model considers the firm to be a 'fast-grower' because of its 23.08% long-term growth rate (based on the average o

"Skechers USA (NYSE: SKX), a trendy California-based retailer, is a new buy on our 'hot list'," says John Reese, who selects stocks based on the criteria used by "legendary" stock pickers.

In his always-fascinating Validea newsletter, he explains, "Skechers gets approval from two of my guru-based strategies, those that I base on the writings of Peter Lynch and Kenneth Fisher."

"My Lynch-based model considers the firm to be a 'fast-grower' because of its 23.08% long-term growth rate (based on the average of the three- and five-year earnings per share figures.

"Lynch was perhaps best known for

Filed under: Stocks to Buy