Sources have confirmed that Fossil's Hong Kong office is working on Nike products. I am trying to find out if they are in production, Fossil subcontracts to various factories in China, most are in the Shen Zhen City area. What is the size of Nike's watch business and any idea what this will add to earnings..
I bought in today when the price fell to 33.5 (I guess because of the Clinton China scandal??) because I like the products and the numbers. One thing my dd was unable to uncover is, what are the plans for selling over the Internet? Anyone know? Such a move would probably push the PE from 20 to 200!