On November 29th, 2011 Amvona published the article “Why we’re still buying Skechers stock.” The Air Jordan 2s article indicated that shares in the company had been purchased for investor accounts between $11.86 and per share.

Here were a few of the reasons for the purchase outlined at the time:

20 years of successful operation and high growth 2010 profit approx. double that of 2008 and 2009. Split 2010 earnings in two (to cover 2010 and 2011), and you have consistent profitability from 2008 2011. The enterprise value of the company (or its Air Jordan Fusion 5 effective purchase price to an acquirer on November 25th, 2011 was only $498 mln. (for a company with about 2 bln in sales in 2010) Net Current Assets (current assets minus all liabilities) is $523 mln. or $10.59 per share. 60 mln. Tax refund due to the company in 1H 2012 (about $1.21 per share) Jordan Winterized 6 Rings think of it as the lost 2011 earnings (since expenses were overstated in 2010). When this is added back to point 3 above, the company was actually even more profitable over the 2010 2011 time frame than the prior 2008 2009 period. With the tax refund, the company’s Net Working Capital, or Air Jordan 7s Net Current Assets is actually $11.81 per share the stock sold for $11.83 per share on November 23rd basically just Net Working Capital (meaning the remaining 420 mln. in tangible assets are essentially free at that price) to book is only .65 Why we’re still buying Skechers stock (Amvona, November 29th, 2011)

Performance On November 28th, 2012 (one year later) the shares closed at . Here is how the investment performed in that Air Jordan 18s time against the benchmark S 500: