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Best Value Investment in the Footwear Industry Detected in Shares of Rocky Brands (RCKY, HLYS, ICON, KSWS, TBL)

Written on Tue, 07/06/2010 - 4:41am
By Chip Brian

Below are the top five companies in the Footwear industry as measured by the price to book ratio. Often companies with the lowest ratio present the greatest value to investors.
Rocky Brands (NASDAQ:RCKY) has a price to book ratio of 0.4x based on a current price of $6.47 and a book value per share of $14.67.
Heelys (NASDAQ:HLYS) has a price to book ratio of 0.9x based on a current price of $2.48 and a book value per share of $2.92.
Iconix Brand (NASDAQ:ICON) has a price to book ratio of 1x based on a current price of $13.66 and a book value per share of $13.09.
K-Swiss (NASDAQ:KSWS) has a price to book ratio of 1.4x based on a current price of $11.37 and a book value per share of $8.4.
Timberland (NYSE:TBL) has a price to book ratio of 1.4x based on a current price of $15.99 and a book value per share of $11.2.
SmarTrend is bullish on shares of HLYS and our subscribers were alerted to Buy on March 25, 2009 at $1.61. The stock has risen 54.5% since the alert was issued.

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