Intrinsic value of Fossil Group - FOSL

Previous Close

$25.78

  Intrinsic Value

$15.38

stock screener

  Rating & Target

sell

-40%

Previous close

$25.78

 
Intrinsic value

$15.38

 
Up/down potential

-40%

 
Rating

sell

We calculate the intrinsic value of FOSL stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  2,844
  2,909
  2,984
  3,068
  3,161
  3,263
  3,374
  3,494
  3,624
  3,763
  3,912
  4,071
  4,240
  4,419
  4,610
  4,812
  5,026
  5,252
  5,491
  5,743
  6,009
  6,290
  6,586
  6,898
  7,226
  7,572
  7,936
  8,319
  8,722
  9,145
Variable operating expenses, $m
  2,724
  2,786
  2,858
  2,938
  3,026
  3,123
  3,229
  3,344
  3,467
  3,600
  3,727
  3,878
  4,039
  4,210
  4,392
  4,584
  4,788
  5,003
  5,231
  5,471
  5,725
  5,993
  6,274
  6,571
  6,884
  7,214
  7,560
  7,925
  8,309
  8,713
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,724
  2,786
  2,858
  2,938
  3,026
  3,123
  3,229
  3,344
  3,467
  3,600
  3,727
  3,878
  4,039
  4,210
  4,392
  4,584
  4,788
  5,003
  5,231
  5,471
  5,725
  5,993
  6,274
  6,571
  6,884
  7,214
  7,560
  7,925
  8,309
  8,713
Operating income, $m
  120
  123
  126
  130
  135
  140
  145
  151
  157
  163
  185
  193
  201
  209
  218
  228
  238
  248
  260
  272
  284
  298
  312
  326
  342
  358
  375
  394
  413
  433
EBITDA, $m
  196
  200
  206
  211
  218
  225
  233
  241
  250
  259
  270
  280
  292
  305
  318
  332
  346
  362
  378
  396
  414
  433
  454
  475
  498
  522
  547
  573
  601
  630
Interest expense (income), $m
  27
  36
  37
  40
  42
  44
  47
  50
  54
  58
  62
  66
  71
  76
  81
  86
  92
  99
  105
  112
  120
  128
  136
  145
  154
  163
  174
  184
  196
  208
  220
Earnings before tax, $m
  84
  85
  87
  89
  90
  92
  94
  97
  99
  102
  119
  122
  125
  128
  132
  135
  139
  143
  147
  152
  157
  162
  167
  173
  178
  185
  191
  198
  205
  213
Tax expense, $m
  23
  23
  23
  24
  24
  25
  25
  26
  27
  27
  32
  33
  34
  35
  36
  37
  38
  39
  40
  41
  42
  44
  45
  47
  48
  50
  52
  53
  55
  57
Net income, $m
  61
  62
  63
  65
  66
  67
  69
  70
  72
  74
  87
  89
  91
  94
  96
  99
  102
  105
  108
  111
  114
  118
  122
  126
  130
  135
  139
  144
  150
  155

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,692
  1,731
  1,775
  1,825
  1,880
  1,941
  2,007
  2,079
  2,156
  2,239
  2,327
  2,422
  2,522
  2,629
  2,742
  2,863
  2,990
  3,124
  3,266
  3,416
  3,575
  3,742
  3,918
  4,103
  4,299
  4,504
  4,721
  4,949
  5,188
  5,440
Adjusted assets (=assets-cash), $m
  1,692
  1,731
  1,775
  1,825
  1,880
  1,941
  2,007
  2,079
  2,156
  2,239
  2,327
  2,422
  2,522
  2,629
  2,742
  2,863
  2,990
  3,124
  3,266
  3,416
  3,575
  3,742
  3,918
  4,103
  4,299
  4,504
  4,721
  4,949
  5,188
  5,440
Revenue / Adjusted assets
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
  1.681
Average production assets, $m
  614
  628
  645
  663
  683
  705
  729
  755
  783
  813
  845
  879
  916
  955
  996
  1,039
  1,086
  1,134
  1,186
  1,241
  1,298
  1,359
  1,423
  1,490
  1,561
  1,636
  1,714
  1,797
  1,884
  1,975
Working capital, $m
  375
  384
  394
  405
  417
  431
  445
  461
  478
  497
  516
  537
  560
  583
  609
  635
  663
  693
  725
  758
  793
  830
  869
  911
  954
  999
  1,048
  1,098
  1,151
  1,207
Total debt, $m
  468
  494
  523
  555
  592
  631
  674
  721
  771
  825
  883
  945
  1,011
  1,080
  1,154
  1,233
  1,316
  1,404
  1,497
  1,595
  1,698
  1,807
  1,922
  2,043
  2,171
  2,305
  2,446
  2,595
  2,752
  2,916
Total liabilities, $m
  1,105
  1,130
  1,159
  1,192
  1,228
  1,268
  1,311
  1,357
  1,408
  1,462
  1,520
  1,581
  1,647
  1,717
  1,791
  1,869
  1,952
  2,040
  2,133
  2,231
  2,334
  2,443
  2,558
  2,680
  2,807
  2,941
  3,083
  3,232
  3,388
  3,553
Total equity, $m
  587
  601
  616
  633
  652
  674
  696
  721
  748
  777
  807
  840
  875
  912
  952
  993
  1,037
  1,084
  1,133
  1,186
  1,240
  1,298
  1,360
  1,424
  1,492
  1,563
  1,638
  1,717
  1,800
  1,888
Total liabilities and equity, $m
  1,692
  1,731
  1,775
  1,825
  1,880
  1,942
  2,007
  2,078
  2,156
  2,239
  2,327
  2,421
  2,522
  2,629
  2,743
  2,862
  2,989
  3,124
  3,266
  3,417
  3,574
  3,741
  3,918
  4,104
  4,299
  4,504
  4,721
  4,949
  5,188
  5,441
Debt-to-equity ratio
  0.800
  0.820
  0.850
  0.880
  0.910
  0.940
  0.970
  1.000
  1.030
  1.060
  1.090
  1.120
  1.150
  1.180
  1.210
  1.240
  1.270
  1.290
  1.320
  1.350
  1.370
  1.390
  1.410
  1.430
  1.460
  1.470
  1.490
  1.510
  1.530
  1.540
Adjusted equity ratio
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347
  0.347

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  61
  62
  63
  65
  66
  67
  69
  70
  72
  74
  87
  89
  91
  94
  96
  99
  102
  105
  108
  111
  114
  118
  122
  126
  130
  135
  139
  144
  150
  155
Depreciation, amort., depletion, $m
  76
  78
  79
  81
  83
  85
  88
  90
  93
  96
  84
  88
  92
  95
  100
  104
  109
  113
  119
  124
  130
  136
  142
  149
  156
  164
  171
  180
  188
  198
Funds from operations, $m
  138
  140
  143
  146
  149
  153
  157
  161
  165
  170
  171
  177
  183
  189
  196
  203
  210
  218
  226
  235
  244
  254
  264
  275
  286
  298
  311
  324
  338
  353
Change in working capital, $m
  7
  9
  10
  11
  12
  13
  15
  16
  17
  18
  20
  21
  22
  24
  25
  27
  28
  30
  32
  33
  35
  37
  39
  41
  43
  46
  48
  51
  53
  56
Cash from operations, $m
  130
  131
  133
  135
  137
  139
  142
  145
  148
  152
  152
  156
  160
  165
  171
  176
  182
  188
  195
  202
  209
  217
  225
  234
  243
  253
  263
  274
  285
  297
Maintenance CAPEX, $m
  -60
  -61
  -63
  -64
  -66
  -68
  -70
  -73
  -75
  -78
  -81
  -84
  -88
  -92
  -95
  -100
  -104
  -109
  -113
  -119
  -124
  -130
  -136
  -142
  -149
  -156
  -164
  -171
  -180
  -188
New CAPEX, $m
  -11
  -14
  -16
  -18
  -20
  -22
  -24
  -26
  -28
  -30
  -32
  -34
  -37
  -39
  -41
  -44
  -46
  -49
  -52
  -54
  -58
  -61
  -64
  -67
  -71
  -75
  -79
  -83
  -87
  -92
Cash from investing activities, $m
  -71
  -75
  -79
  -82
  -86
  -90
  -94
  -99
  -103
  -108
  -113
  -118
  -125
  -131
  -136
  -144
  -150
  -158
  -165
  -173
  -182
  -191
  -200
  -209
  -220
  -231
  -243
  -254
  -267
  -280
Free cash flow, $m
  59
  56
  54
  52
  50
  49
  47
  46
  45
  44
  38
  37
  36
  35
  34
  33
  32
  31
  30
  29
  28
  26
  25
  24
  23
  22
  21
  19
  18
  17
Issuance/(repayment) of debt, $m
  22
  25
  29
  33
  36
  40
  43
  47
  50
  54
  58
  62
  66
  70
  74
  78
  83
  88
  93
  98
  103
  109
  115
  121
  128
  134
  141
  149
  157
  165
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  22
  25
  29
  33
  36
  40
  43
  47
  50
  54
  58
  62
  66
  70
  74
  78
  83
  88
  93
  98
  103
  109
  115
  121
  128
  134
  141
  149
  157
  165
Total cash flow (excl. dividends), $m
  81
  81
  83
  85
  86
  88
  91
  93
  95
  98
  96
  99
  102
  105
  108
  111
  115
  119
  122
  127
  131
  135
  140
  145
  151
  156
  162
  168
  175
  181
Retained Cash Flow (-), $m
  -11
  -14
  -15
  -17
  -19
  -21
  -23
  -25
  -27
  -29
  -31
  -33
  -35
  -37
  -39
  -42
  -44
  -47
  -49
  -52
  -55
  -58
  -61
  -64
  -68
  -71
  -75
  -79
  -83
  -87
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  31
  31
  32
  33
  34
  35
  36
  37
  38
  40
  41
  43
  45
  47
  49
  51
  53
  55
  58
  60
  63
  66
  69
  72
  76
  79
  83
  87
  92
  96
Cash available for distribution, $m
  70
  68
  67
  67
  67
  67
  68
  68
  68
  69
  65
  66
  67
  68
  69
  70
  71
  72
  73
  75
  76
  78
  79
  81
  83
  85
  87
  89
  91
  94
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  68
  62
  59
  55
  52
  49
  46
  42
  39
  36
  31
  28
  25
  23
  20
  18
  15
  13
  11
  9
  8
  6
  5
  4
  3
  2
  2
  1
  1
  1
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Fossil Group, Inc. is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company's segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity. The Americas segment includes sales to customers based in Canada, Latin America and the United States. The Europe segment includes sales to customers based in European countries, the Middle East and Africa. The Asia segment includes sales to customers based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. The Company's principal offerings include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, sunglasses and soft accessories.

FINANCIAL RATIOS  of  Fossil Group (FOSL)

Valuation Ratios
P/E Ratio 15.8
Price to Sales 0.4
Price to Book 1.2
Price to Tangible Book
Price to Cash Flow 5.9
Price to Free Cash Flow 8.6
Growth Rates
Sales Growth Rate -5.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -17.5%
Cap. Spend. - 3 Yr. Gr. Rate -7%
Financial Strength
Quick Ratio 12
Current Ratio 0.1
LT Debt to Equity 60.6%
Total Debt to Equity 63.2%
Interest Coverage 5
Management Effectiveness
Return On Assets 4.4%
Ret/ On Assets - 3 Yr. Avg. 10.8%
Return On Total Capital 4.7%
Ret/ On T. Cap. - 3 Yr. Avg. 13.9%
Return On Equity 8.2%
Return On Equity - 3 Yr. Avg. 22.8%
Asset Turnover 1.3
Profitability Ratios
Gross Margin 51.9%
Gross Margin - 3 Yr. Avg. 54.4%
EBITDA Margin 7.8%
EBITDA Margin - 3 Yr. Avg. 13.3%
Operating Margin 4.2%
Oper. Margin - 3 Yr. Avg. 9.8%
Pre-Tax Margin 3.7%
Pre-Tax Margin - 3 Yr. Avg. 9.8%
Net Profit Margin 2.6%
Net Profit Margin - 3 Yr. Avg. 6.7%
Effective Tax Rate 24.6%
Eff/ Tax Rate - 3 Yr. Avg. 27.2%
Payout Ratio 0%

FOSL stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the FOSL stock intrinsic value calculation we used $2788 million for the last fiscal year's total revenue generated by Fossil Group. The default revenue input number comes from 2017 income statement of Fossil Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our FOSL stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for FOSL is calculated based on our internal credit rating of Fossil Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Fossil Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of FOSL stock the variable cost ratio is equal to 95.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for FOSL stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 8% for Fossil Group.

Corporate tax rate of 27% is the nominal tax rate for Fossil Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the FOSL stock is equal to 1.1%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for FOSL are equal to 21.6%.

Life of production assets of 10 years is the average useful life of capital assets used in Fossil Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for FOSL is equal to 13.2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $576 million for Fossil Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 48 million for Fossil Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Fossil Group at the current share price and the inputted number of shares is $1.2 billion.

RELATED COMPANIES Price Int.Val. Rating
MOV Movado Group 47.30 22.60  sell
VRA Vera Bradley 13.54 9.13  hold

COMPANY NEWS

▶ 5 Hot Stocks Today (That Could Crash Tomorrow)   [Jul-19-18 10:03AM  InvestorPlace]
▶ Why Fitbit Stock Isnt Worth More Than $6   [Jul-13-18 02:01PM  InvestorPlace]
▶ Why Fossil Group Stock Has Soared 246% in 2018   [Jul-09-18 10:01AM  Motley Fool]
▶ The 5 Best S&P 500 Stocks of 2018 (So Far)   [Jul-03-18 05:53PM  Motley Fool]
▶ Top Ranked Momentum Stocks to Buy for July 2nd   [Jul-02-18 10:46AM  Zacks]
▶ Fossil Still Rocks My Deep-Value Portfolio   [12:00PM  TheStreet.com]
▶ 5 Stocks Showing Clear Technical Signals Right Now   [Jun-14-18 12:24PM  Benzinga]
▶ The 5 Hottest Small-Cap Stocks Of 2018   [Jun-08-18 02:32PM  InvestorPlace]
▶ 5 Unloved Stocks Quietly Scraping New Highs   [Jun-07-18 09:37AM  InvestorPlace]
▶ The Right Moves: IDCs Top 5 Players in Smart Wearables   [Jun-06-18 12:17PM  InvestorPlace]
▶ 2018s Biggest Stock Market Winners so Far   [May-15-18 10:55AM  InvestorPlace]
▶ 3 Stocks That Doubled to Start 2018   [May-14-18 09:02PM  Motley Fool]
▶ Fossil Is Once Again on the Move   [May-11-18 11:00AM  TheStreet.com]
▶ Stock Market News For May 9, 2018   [May-09-18 10:08AM  Zacks]
▶ Fossil Group: 1Q Earnings Snapshot   [03:55PM  Associated Press]
▶ Fossil Teams Up With Puma For Smartwatch Assault   [Apr-25-18 07:14AM  Forbes]
▶ [$$] Keep fossil fuel companies inside climate change tent   [Apr-24-18 12:00AM  Financial Times]
▶ [$$] Antarctica: a photographers diary   [Mar-28-18 11:33PM  Financial Times]
▶ Fitbit's Affordable Versa Smartwatch Could Be a Winner   [Mar-13-18 07:15PM  Motley Fool]
▶ Why Fossil Group Stock Gained 68.1% in February   [Mar-08-18 05:20PM  Motley Fool]
▶ Luxury Retail Stocks Too Cheap to Ignore: Nomura   [Feb-15-18 07:41PM  Investopedia]
▶ What Happened in the Stock Market Today   [05:04PM  Motley Fool]
▶ Fossil Stock Soars, Could Be No. 2 In Wearables Behind Apple   [04:15PM  Investor's Business Daily]
▶ US Stock Market Rallies Wednesday   [04:08PM  GuruFocus.com]
▶ Investors Finally Dig Fossil Group   [12:01PM  TheStreet.com]
▶ Fossil Explodes Higher on Renewed Turnaround Hopes   [Feb-13-18 05:40PM  Motley Fool]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.