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!
Good article and an example of how the market consensus can be full of crap. Last year many were talking about how Amazon was "taking over the world". Now, the tide is changing and they are talking about how brick and mortar retailers are back in. What are they smoking?!
