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Fossil Is Once Again on the Move

Jonathan Heller

is at it again, the retailer which fell on tough times and was all but rejected by investors is once again on the move after reporting better than expected first quarter revenue and earnings on Wednesday. A member of my 2018 Double Net Value Portfolio, the company rang up $569 million in revenue during the quarter, nicely ahead of the $539 million consensus estimate. In addition "adjusted" losses per share of 64 cents, which excluded restructuring charges, bested the 84 cent consensus loss estimate.