The reality is that shoe stocks often trade at bargain valuations, and the valuation for Skechers is now coming down -- it trades at around 15 times forward earnings, which is fair. And the good news ...

Founded in 1992 and still headquartered in the Southern California city of Manhattan Beach, Skechers multiplied its 1994 sales of about $100 million by 80 times, to $8 billion in 2023. Its growth ...