• Piotroski score of 8 or 9
• < 75% of 52-week high

Notable Equities:

• Kate Spade – growth play from break-even PE; however bottomed in February 2015
• Skechers – missed Q3 results resulting in 50% decline; strong growth at $3.2bn revenue (~$200mm Net Income equivalent to 7% margin; EPS expected to double by 2018); international growth focus