08-04-2016, 02:57 AM
Little bounce in Sketchers, this was getting crazy:
- Revenue and earnings are still growing double digit
- 15% of the stock value is net cash, which the company also generates in copious amounts
- The shares trade at very low multiples (p/e in the range of 12)
- Yes, there is a slowdown in domestic sales, but these were negatively impacted by one-off factors and an unfavorable comparation to the boombing Q2 2015
The price really belongs in the $25-$30 range.