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Fossil Group, Inc. Message Board

  • dr_patel_singh dr_patel_singh Sep 23, 2002 10:07 AM Flag

    Why is FOSL going down?

    I am very disappointed. I Just checked the stock price and it is going down. This company has everything going for it and should be rapidly moving upward! Who is selling and driving the price down?

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    • Hi,

      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!!)

    • araemrikian,

      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.

      Regards, Khaz

    • 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

29.42-0.20(-0.68%)Jul 22 4:00 PMEDT