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Enter Symbol:
 
Skechers U.s.a., Inc. (SKX) [hlAlert]

Rating:
Underperform
SKX
down 59.80 %

Skechers U.s.a., Inc. (SKX) downgraded to Underperform with price target $7 by CL King

Posted on: Friday,  Feb 6, 2009  10:25 AM ET by CL King

CL King rated Underperform Skechers U.s.a., Inc. (NYSE: SKX) on 02/06/2009. Previously CL King rated Accumulate Skechers U.s.a., Inc. (NYSE: SKX) on
09/19/2008., when the stock price was $18.01. Since then, Skechers U.s.a., Inc. has lost 59.80% as of 02/06/2009's recent price of $7.24.
If you would have followed the previous CL King's recommendation on SKX, you would have lost 59.8% of your investment in 140 days.

Skechers U.S.A., Inc. designs and markets branded contemporary casual, active, rugged and lifestyle footwear for men, women and children. Thecompany sells its products to department stores such as Nordstrom, Macy's,Dillards, Robinson's-May and JC Penney and specialty retailers such as Genesco's Journeys and Jarman chains, The Venator Group's Foot Locker and Lady Foot Locker chains, Pacific Sunwear and Footaction U.S.A.

CL King research analysts "Discover the Uncovered." Our analysts seek out small- and mid-cap companies that may be ignored by other Wall Street research providers, identifying value and growth that may be unrecognized by institutional equity investors. Our goal is to generate superior absolute returns while minimizing downside risk.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/6/2009 10:25 AM Sell
None
7.24 7.00
as of 12/31/2009
1 Week up  25.84 %
1 Month up  3.57 %
3 Months down  -24.21 %
1 YTD down  -237.58 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/19/2008 9:25 AM Buy
None
18.01 22.00
11/14/2007 9:25 AM Buy
None
21.81 27.00

(*) Stock Price at the time of the recommendation.
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