04-12-2016, 10:50 PM
Well, we had our thoughts on Skechers out yesterday:
Skechers still seems to pay a heavy price for an earnings miss two quarters ago. Much of that was due to one-time factors and currency headwinds. The stock is oversold, an inch above a major support level, and cheap. We think most of any possible bad news is already priced in and see a favorable risk-reward.
Skechers Is Oversold And Cheap - Skechers USA Inc. (NYSE:SKX) | Seeking Alpha
And today there is another article:
Skechers is trading for attractive multiples and can be considered undervalued on both a relative and absolute basis. Skechers is trading for a forward P/E of 9.6, an EV/EBITDA of 9.6 and a forward EV/EBITDA of 7.9. Considering these metrics, Skechers is significantly undervalued as peer companies are trading for an average EV/EBITDA of 10.
Skechers USA, Inc. - Upside Ahead - Skechers USA Inc. (NYSE:SKX) | Seeking Alpha