My Investment Thesis On Fossil Group Inc (FOSL) by Jay Siva, Latticeworks
Fossil Group Inc. (FOSL) is a vertically integrated (from design, all the way to point-of-sale) global consumer fashion accessories company that offers men’s and women’s fashion watches, jewelry, handbags, leather goods, belts, and sunglasses. The current valuation fails to account for the new opportunity that lies ahead of FOSL. Insiders and management own significant stakes, ensuring incentives are aligned. Camera shy CEO, Kosta N. Kartsotis, owns 13% of outstanding common stocks, and he earns no salary. The current share price offers investors the opportunity to buy a good business at a double-digit normalized free cash flow yield.
Setup a free account to get access to this article (no credit card required).
Login required to continue reading.
