Should You Buy Skechers After its Post-Earnings Pop?

Should You Buy Skechers After its Post-Earnings Pop?

Shares of Skechers (NYSE: SKX) surged more than 40% after the footwear maker reported its third quarter earnings on Oct. 20. That rally, which propelled the stock to its highest levels in over a year, was surprising since many other footwear makers -- like Nike (NYSE: NKE) and Under Armour (NYSE: UAA) (NYSE: UA) -- had fallen out of favor.

Let's take a look at why the bulls are so excited, and whether or not you should also buy this stock after its post-earnings pop.

Image source: Skechers.

Continue reading

Source: Fool.com