Mark Travis’s Intrepid Capital Management’s Top 5 Stock Picks

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1. Skechers U.S.A., Inc. (NYSE:SKX)

Intrepid Capital Management’s Stake Value: $9,900,000

Percentage of Intrepid Capital Management’s 13F Portfolio: 5.22%

Number of Hedge Fund Holders: 35

Skechers U.S.A., Inc. (NYSE:SKX), the top stock in Mark Travis’s Intrepid Capital Management’s 13F portfolio, is the third largest athletic footwear brand in the United States. As of Q3, there are 4,170 Skechers U.S.A., Inc. (NYSE:SKX) stores around the world.

Skechers U.S.A., Inc. (NYSE:SKX) announced third quarter earnings on October 28. The Q3 EPS came in at $0.66, missing estimates by -$0.05. Skechers U.S.A., Inc. (NYSE:SKX)’s revenue also missed estimates by -$72.22 million at $1.55 billion. 

Argus analyst John Staszak on November 2 downgraded Skechers U.S.A., Inc. (NYSE:SKX) from Buy to Hold, owing to the poor Q3 earnings. Despite strong demand for its products, the analyst sees manufacturing hindrances and delayed shipping, which will add to the company’s costs. 

You can also take a look at Top 10 Stocks to Buy According to Jeff Ubben’s ValueAct Capital and 10 Cheap Pharmaceutical Stocks to Watch.

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