Opinions
Kyle McKay
Fossil Inc.
FOSL-Q
TOP PICK
Jul 03, 2003
Stock price when the opinion was issued
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Why watches when so many have smart phones? Watches are jewellery. They are an accessory and people love them. They hit a home run with Michael Kors watches, which is theirs. They do all sorts of licensing of a variety of watches. The big problem with this company is the jewellery side and Europe, which accounts for about 30% of their sales. Asia, which accounts for about 15%, grew at almost 30%. Asian market is ripe. Thinks it could get to $100-$120 in 12 months.
Fossil Group, Inc. engages in the design, marketing and distribution of consumer fashion accessories. The firm operates through the following geographical segments: Americas, Europe, and Asia. Its products include men's and women's fashion watches, jewelry, handbags, small leather goods, belts, sunglasses, shoes, soft accessories and clothing which are sold through department stores, specialty retail locations, specialty watch and jewelry stores, owned retail and factory outlet stores, mass market stores, owned, and affiliate internet sites. The company was founded by Tom Kartsotis in 1984 and is headquartered in Richardson, TX.