StockIceMan's Weekly Stock Pick
Week of
January 6th, 2003
| Stock: |
Skechers USA, Inc. |
| |
|
| Ticker Symbol: |
SKX - NYSE -
Footwear |
| |
|
| Buy: |
8.50 to 8.75 |
| |
|
| Sell: |
11.00 + |
| |
|
| Info: |
Skechers
U.S.A., Inc. designs and markets
a collection of contemporary
footwear for men, women and
children under the Skechers brand.
The Company's shoes are sold
through a wide range of
department stores and specialty
stores, a network of its own
retail stores and the Skechers e-commerce
Website. The Company's product
line consists of over 1,500
active styles that are organized
in seven distinct collections,
namely Skechers USA, Skechers
Sport, Skechers Collection,
Skechers Kids, Somethin' Else
from Skechers, Skechers by
Michelle K and 4 Wheelers by
Skechers. The Company also offers
seasonal sandalized footwear,
which features open-toe and open-side
constructions consistent with its
offerings in the Skechers USA,
Skechers Sport and Skechers
Collection categories of footwear. |
| Financial Info: |
For the nine
months ended 9/30/02, net sales
increased 2% to $762.7 million.
Net income rose 23% to $55.6
million. |
| |
|
| Key Ratios: |
Current
Ratio: 4.62; Total Debt/Equity: 0.45,
P/E: 6.00x, Price/Book: 1.24,
Price/Sales: 0.36 |
| |
|
| Share Info: |
There are 37.5
million shares outstanding with
20.6 million shares in the
trading float. 195 Institutions own
approximately 39.0 % of the
shares outstanding. There has
been 1 insider selling a total of
10,000 shares in the last six
months.
As of 12/9/2002, there were 889,000
shares short.
Net Institutional Selling: 2.23
million shares: prior to latest
quarter. |
| |
|
| Articles: |
|
|
