Skechers Is An Excellent Long-Term Buy And Hold
Skechers(SKX) Seeking Alpha·2024-07-31 15:22
WirestockSkechers U.S.A., (NYSE:SKX), the steady Eddie of the casual and athletic footwear business, is an underappreciated GARP (Growth at a Reasonable Price). I used to own it a long time ago and sold off with a small profit, which was a mistake; it has given good returns to shareholders, rising 25% in the past year, 67% in the last 5, and 275% in the last 10. The 275% return in the last 10 years is a big deal, it’s about 14% per year. Plus, its sustainability and durability protect you from the drama ...