Fossil has never returned value to its shareholders. Never offered a dividend and any stock buybacks were cut short. It’s never used excess or financing capital properly during growth years either to acquire talent or intellectual property. It’s never managed talent well and retained it (building a reputation that hurts it to this day). Any acquisitions at this point have been a net loss over the premium paid considering what they’ve returned. Could have had cheaper and better acquisitions if it made big bets early in the smartwatch market cycle, it used the cash to buy traditional watch brands instead. The company is replete with brown nose hustlers living off of a socially awkward guy, it’s no wonder the culture is unbearable. If it never returned value to shareholders it will never return value use to employees.
Originally posted by @5qiq+1900nimS.