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quote:Originally posted by Base Trader
I have held SKL (SKX) for 2 years now on the basis it has been undervalued. However, I am not sure what has changed to increase the price. Nothing much has changed except that the business model is proving robust with good consistency in earnings.
If you have thought that the company was undervalued for the past couple of years, perhaps other investors have come to the same conclusion - and pushed up the price. That was my reason for buying in August.