Professional
Added to YB: 2024-04-15
Pitch date: 2024-04-11
FOSL [bullish]
Fossil Group, Inc.
+313.66%
current return
Author Info
No bio for this author
Company Info
Fossil Group, Inc., together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally.
Market Cap
$112.9M
Pitch Price
$0.94
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.82
P/E
-1.65
EV/Sales
0.32
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Miller Value Deep Value Select Strategy Portfolio Holding: Fossil Group, Inc.
FOSL: Undergoing transformation after exiting low-margin connected watch biz & closing unprofitable stores. New mgmt targeting $300M (25% of rev) in savings by 2025. $2/share cash, no debt due before late 2026. 80% discount to tangible book. $100M+ normalized FCF potential.
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