Yesterday, Sketchers (SKX) took it on the chin. Ouch! Down 21%.
Full disclosure, I own SKX. But, I have owned it since 2003 and even with the drop, it has grown at a compounded 20% per year since purchasing it. This is why I am patient and a long-term holder of equities. It pays!
Micron Technology really put up some great numbers this week. With a 40% growth in revenues (QtoQ) and net income up 120%, fundamentally it is really putting up fantastic numbers. GAAP earning went from $1.40 to $3.10. Wow! Now that's what I am talking about.
