While the rest of the portfolio is static or trending up, SKX seems to be bucking both of these trends.
I have a significant position in SKX, but have room to grow it. I am wondering if this is a opportunity to add to my position or if something else is going on.
From everything I have seen so far there is nothing that has changed with SKX and the business is on track to continue develop significant growth.
One-trick pony? Ponies? If SKX started selling shoes for ponies, sales would immediately jump at least 100%, due to the 2-feet to 4-hooves change in total addressable market.
Skechers (SKX -4.5%) trades weak after channel checks from OTR Global create some anxiety. In early February, the company issued a very strong backing of its Q1 guidance. The matter will be settled on April 27 when the company issues the earnings report and provided full-year guidance.
I took today’s drop as an opportunity to buy more shares, I had been hoping I’d get another chance to get some more shares in the $26 range and now I have them!