It looks like wearables aren't turning it around for us. Anyone think it will take time or is the writting on the wall for Fossil?
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Does anybody war Fossil anymore? They S---!
Cheap watches made in China and India
Go Shinola! Made in USA
Check out the WSJ article from last Tuesday, 2/14/17.
Headline reads: "Time Rapidly Running Out for Fossil".
Writing is on the wall for sure! Start your job search now!
Earnings announcement in 5 days. Heard that it won't be very good. Raw sales look ok but they had so many discounts/markdowns (things the lyrics avoided in years past) that the $ won't be where it needs to be i don't think. Stock might get even lower, if you can imagine that, lol.
300 mil cash on hand (international)
640 mil debt
231.3 mil loan payment due 5-17-18
Sold Retrodome & 12 acres adjacent to it.
Sold the Misfit computer vision team.
Wells Fargo having a $14 price objective on the stock.
Darren Hart & Elaine Agather selling stock in early Dec.
Store closings (40?)
Ugly guidance
New World Fossil
I think the writing is there.
On a business level, Fossil is going to have to reduce pricing to compete within the smart watch marketplace, which will require Fossil to sell at a much higher volume for strong profits.