TheStreet.com RealMoney

Should You Buy It?: K-Swiss

By David Peltier

 About this article:
 K-Swiss is an athletic-shoe maker that's trying to get back on track. At Wednesday's closing price of $8.61, the stock is down 24% year to date, but some positive signs have been emerging in recent weeks. On Nov. 5, the company announced better-than-expected third-quarter results. K-Swiss lost 7 cents a share, which was a full 13 cents ahead of expectations. Revenue fell 24% from the year-ago period to $70.6 million but was more than $10 million higher than the consensus analyst estimate. Just Wednesday morning, the company announced a new $70 million stock repurchase program. Management acquired more than $58 million of shares under an existing buyback authorization from 2004, though only about $3.5 million of those purchases were made in the past three years. With that in mind, I'm here to answer readers' questions: Should you buy it? Is K-Swiss on the verge of a meaningful...

You have just read the beginning of a premium article from our RealMoney Service. To read the rest of this article and sign up for a FREE trial please click below.

ACCESS STORY & START A FREE 14-Day Trial
Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET.
Outside the U.S. and in Canada, call 1-212-321-5200.



Already a RealMoney subscriber? LOG IN.
Username: Page data is submitted securely.
Password:
Forgot your Password? Click here


100% Money-Back Guarantee
If you decide to subscribe and you're not completely satisfied with TheStreet.com RealMoney, just call us within the first 30 days of your subscription and we'll refund your full annual subscription price — guaranteed.




If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.