Based on the aggregated intelligence of 170,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, footwear company Skechers (NYSE: SKX) has earned a respected four-star ranking.

With that in mind, let's take a closer look at Skechers' business and see what CAPS investors are saying about the stock right now.

Skechers facts

Headquarters (Founded) Manhattan Beach, Calif. (1992)
Market Cap $981.1 million
Industry Footwear
Trailing-12-Month Revenue $1.94 billion
Management

CEO Robert Greenberg (since 1993)

COO David Weinberg (since 2006)

Return on Equity (Average, Past 3 Years) 11.4%
Cash/Debt $248.8 million / $33.9 million
Competitors

Nike (NYSE: NKE)

Timberland (NYSE: TBL)

Crocs (Nasdaq: CROX)

Sources: Capital IQ (a division of Standard & Poor's) and Motley Fool CAPS.

On CAPS, 94% of the 519 members who have rated Skechers believe the stock will outperform the S&P 500 going forward. These bulls include All-Stars 4Foolz and Staka, both of whom are ranked in the top 5% of our community.

Just last week, 4Foolz tapped Skechers as a great fit for bargain hunters: "Super cheap stock. This is a value play. Assumption is that new 'shape-up' shoes aren't a fad. Great manager under helm."

Shares of Skechers are down more than 40% over the past six months alone, but many in our community think they're now too cheap to pass up. In fact, Skechers currently trades at a forward P/E (8.1) discount to rivals Nike (16.6), Timberland (14.5), and Crocs (16.7), as well as other footwear plays like Deckers Outdoor (Nasdaq: DECK) (15.2) and Steven Madden (Nasdaq: SHOO) (13.9).

While Skechers' Shape-ups toning shoe may turn out to be a Heelys-like fad, CAPS All-Star Staka believes the upside is worth the risk:

Positive:
- Cheap with respect to all fundamentals
- Cheap relative to past growth
- You only get them cheaper during big crisis (which might happen again)
- Continuous international expansion (India, Mexico, China, HK, Chile)
- Brand expansion to other products (difficult to estimate potential here, might fail to earn profits)

Negative:
- Shape-up shoe might be a fad.
- Fashion trends might change quickly, intense competition.
- We have entered a period of consumer restriction.
- International expansion might fail.

What do you think about Skechers, or any other stock for that matter? If you want to retire rich, you need to put together the best portfolio you can. Owning exceptional stocks is a surefire way to secure your financial future, and on Motley Fool CAPS, thousands of investors are working every day to find them. CAPS is 100% free, so get started!  

Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Nike is a Motley Fool Stock Advisor recommendation. The Fool owns shares of Timberland. Try any of our Foolish newsletter services free for 30 days.

True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community. The Fool's disclosure policy always gets a perfect score.