SKX Momentum

SKX was hit hard on the most recent er, down 30% or so on a rev and eps miss. Momentum has definitely slipped away from this once hot name. SKX now carries a forward pe of 14 and a trailing pe of 21 while the Dec qtr estimates call for rev growth of 22% and eps growth of 50%. Currency issues are a big problem for SKX w/ much of the rev [and much of the growth] coming from overseas. Shares short are now 13% of the float. Based on their past track record of meeting or exceeding estimates and hot growth in China SKX may very well regain its momentum this next er [due mid/late January].

[Above #'s from Capital IQ]