Business

Forget GameStop: Buy This Value Stock Instead


If you'd like to invest instead, here's an idea: Skechers ( NYSE:SKX ), a footwear manufacturer and retailer with plenty of growth potential and a rock-solid balance sheet.


Any new restrictions on retail operations could halt the company's recovery, while any additional stimulus could boost sales.


Cash and investments reached $1.5 billion at the end of the third quarter, compared to total debt of about $800 million.


That net cash position of $700 million gives the company a big buffer to absorb whatever the pandemic and the economy throw at it.


It's much more exciting to speculate on the latest craze than to buy and hold a solid value stock for the long run.


Skechers isn't going to deliver crazy returns in the near term, but the stock looks like a good long-term bet for patient investors.






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