• Shares in Skechers have sold off big time on rising cost and a soft Q2 outlook.
• But much of the cost rise is due to investments in growth, which the company keeps delivering, and one-off factors.
• The soft quarter seems mostly a timing issue according to management although their credibility has taken a bit of a knock.
• While some selloff was warranted, we think the size of it isn’t, and it offers investors another chance.

Source: SHU Portfolio: Buy Skechers Again – Skechers USA Inc. (NYSE:SKX) | Seeking Alpha