Steve Madden Stock: Fairly Valued Despite China Headwinds, But Not An Opportunity

Steve Madden (NASDAQ: SHOO ) presented 3Q24 results a few weeks ago. The results were relatively good, with wholesale and DTC revenues growing organically and inorganically and margins down a little on an adjusted basis. The most challengingLong-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of com ...