Buying SKX Stock – Skechers USA Inc. Shares a Good Idea?
SKX Stocks buy or “Hold” Question: Is Buying SKX Stock Skechers USA Inc. a Good Investment?
Well, SKX stock price is also highly affected in pandemic, almost every stocks shares. SKX stock price on May 1, 2020 is 33.18 USD per share. But in the Month of April 1, 2020, the SKX price step backward to 22.5$ and May 1, 2020 it’s stock price is $27.44. In the 5-year period historical price data of SKX stock, November 1, 2016 price is only $21.06 per share.
Skechers U.S.A., Inc. is one of the leaders in footwear and accessories industry. Its main head quarter is located in Manhattan Beach, California, United States of America.
Image Credit: Yahoo Finance – SKX Stock Skechers Inc. Stock PriceBuying SKX Stock – Skechers USA Inc. Shares a Good Idea?
A reader asked, I am always earing Skechers shoes, is it good to be a stockholder of my favorite footwear company. Email sent by InvestmentTotal.com readers from San Jose California, USA.
We responded…
“If you will buy SKX stocks, do ensure that you check the historical price. If you are a long term investor and you love value investing, then SKX stocks are good stocks to buy (in your case). You love to wear Skechers shoes, then you will be confident in investing in Skecchers (SKX) stocks because you are personally using the company products. Cheers!”.
Buying SKX Stocks – Skechers USA Inc., Shares
If you bought SKX stocks on the same day last year, you probably lose some of your investment today. Because SKX stocks open price on October 1, 2019 is 37.30 USD per share and as of October 1, 2020, the SKX stocks closed to $32.25 US dollars.
Example Scenario: 1,000 SKX Stocks
- 1,000 X 37.30 = $37,300 (less trading fees)
- 1,000 X 32.25 = $32,250 (less trading fees)
- negative 13.5% of your stocks portfolio
In this SKX buying scenario (transaction trading fees and taxes were not included), you lose $5,050 after one year buying stocks. Losing 13.5% of your stocks is not a healthy investment, and anyway it’s just part of investing.
SKX Stock Skechers USA Inc. Stock Price Buy or Hold
Image Credit: Zacks.com – SKX Stock Skechers USA Inc. Stock Price Buy or HoldYou can use other trading ideas before you start buying SKX stocks (Skechers USA, Inc.. As you can see in the screenshot from Zacks, the recommendation is “HOLD”.
So, before you buy any stocks, do ensure that you invest in a stocks that you believe in. In this case of reader, it’s okay to always buy SKX stocks since he believe and personally use the products. How good it was to feel that you own a company stocks shares that you personally use. Just like other successful investors, they keep on buying stocks because they believe in the quality of the products and services offered by the company.
If you believe in SKX stocks (Skechers USA, Inc.) you may probably do the same. So, let me know what you think about buying SKX stocks, is buying SKX stocks (Skechers USA Inc. company shares) a good investment? Leave a comment below.