Transaction log

Feb 18, 2020 - Bought 80 @ $37.67 (3.01% wtg, opportunistic)
Mar 10, 2020 - Bought 20 @ $29.28 (100 shares, 3.12% wtg)
Mar 19, 2020 - Bought 25 @ $21.17 (125 shares, 3.13% wtg)
Apr 27, 2020 - Bought 25 @ $26.65 (150 shares, 3.84% wtg)
Aug 11, 2020 - Upgraded to coffee can
Jan 22, 2024 - Sold 25 @ $64.45 (125 shares, 5.06% wtg)
May 7, 2025 - Sold 125 @ $61.53 (closed)

Fair value estimate history

Jun-24 - $70 (5.0% MFCF yield)
Sep-24 - $72
Dec-24 - $75
Mar-25 - $70 (5.5% MFCF yield)

Skechers U.S.A.

Location: Manhattan Beach, California

Profile

Industry: Footwear & accessories

Sector: Consumer discretionary

Theme: Emerging markets consumer

5-Year shareholder growth: +15.0%/year

Fair value estimate: $70

Valuation assumption: 5.5% MFCF yield

History

May 7, 2025

Skechers being acquired for $9.4 billion

May 7, 2025

Skechers accepted a cash offer from 3G Capital for $63/share. We’re also starting a position in Wesdome Gold Mines. [trades]

May 7, 2025

Jul 27, 2023

Crocs’ HEYDUDE brand hits some bumps in the road

Jul 27, 2023

CROX Q2: wholesale snags at HEYDUDE have investors selling, stock down 14%. This feels like an overreaction as the rest of the business is humming, HEYDUDE problems likely short-term in nature. At 9 x earnings, CROX is too cheap.

Jul 27, 2023

Nov 2, 2022

Adding to KWEB amid the China gloom, bailing on SMG and PRPL

Nov 2, 2022

China gloom has hit a new high. For diehard contrarians, what's not to love? [trades]

Nov 2, 2022

Apr 27, 2020

Are “non-essential” retailers marked for extinction?

Apr 27, 2020

"Buy when there's blood in the streets." This adage certainly applies to retailers severely impacted by government shutdowns. [trades]

Apr 27, 2020

Mar 19, 2020

In a crash, cash is king

Mar 19, 2020

If you think the world is not coming to an end (my best guess), it's probably time to buy quality retailers at bargain prices. This too shall pass and the sun will come out. [trades]

Mar 19, 2020