Fossil is nearing $18, dirt cheap. We are talking PE of 12.3 times '03 earnings, with 18% growth rate. This is a PEG of .68 Wow BUY BUY. The lowest it could go is $16.
Remember this is a company that has very postive earnings upside the past 2 quarters and has been featured on IBD as a breakout stock!!! No long term debt, what else do you want don't tell me Lucent or Nortel (ha ha!!)
I gave it a lot of thought and decided to cover my short position @$19. FOSL may go a bit lower yet, but I decided not to be too greedy.
With the economy the way it is, concerns about X-mas, the war, terrorism etc I don't see much upside to FOSL in the near term. However, should we suddenly bounce to $22 or more I may be shorting this again.
If it falls too precipitously, say $16 or $17 I may go long myself.
You must be new to the stock market because a stock can go down regardless of how the company is doing. However, in the long run a great company like Fossil will go up as long as they continue to excel
Excuse me for asking, but why would anyone be selling their stock now at about $20-24 a share when the experts say it will easily be at $30-$60 in only a year? Sounds like the people selling FOSL now should actually be buying FOSL instead! I spent twelve years in medical school and this is a "no brainer" to me!