7/25/22
View: slopechart_SKX.jpg
slopechart_SKX.jpg
SKX - Skechers has basically been in a trading range for seven years. Monthly chart holding the line. Earnings July 26, tomorrow.
NOTE: Spruce Point Capitol published a report and alleged that Skechers’ “business is deteriorating and that financial pressures are mounting” and highlighted that channel checks found inventory and sales issues. Spruce Point also noted that ten members of the founding families of Skechers now work at the company and it is ripe with “nepotism, self-enrichment, rampant related party transactions, and remarkably poor corporate governance.”
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