Thread regarding Fossil Inc. layoffs

All of you are wrong, everything will be alright

I swear ya'll have no faith and no idea what ya'll are talking about. Maybe, just maybe everything is on track.

Fossil gets an upgrade -

Fossil Group climbed 8% after receiving an upgrade from analysts at KeyBanc Capital Markets. The analyst company hinged its positive call on the watchmaker on Fossil's initiatives to continue building up its presence in the market for wearable devices. The upgrade, which took Fossil from underweight to overweight, asserts that Fossil is ready to turn around what has been a long period of falling earnings, and early reports suggest that some of its higher-end wearable devices are satisfying shoppers. Given how much the stock has suffered, many believe that Fossil has great turnaround potential if it can find a way to tap into its brand value more effectively. Wearables might be exactly that opportunity going forward.

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| 2551 views | | 8 replies (last December 23, 2020) | Reply
Post ID: @OP+KpiZ5ld

8 replies (most recent on top)

Just checking in on how mr or mrs positive post here feels 3 years later? 😂

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Post ID: @o9qol+KpiZ5ld

How's that working out?

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Post ID: @1tyoi+KpiZ5ld

So wondering where this guy got his information...

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Post ID: @15hll+KpiZ5ld

Fossil shares isn't climbing, fossil shares collapsed from peak at 138 to now only above thirty dollars, I wouldn't t call it climbing

Even the slight bounce last week was rather a Wall Street stunt played out by fossil, the announcement of restructure was portrayed as being positive but rather indeed a cost cutting exercise as fossil has as very dark future and must be trimmed down to the bone. Very thick and overtly recruited regional structure hasn't helped at all with all heavy weights sitting there

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Post ID: @4hsg+KpiZ5ld

Fossil stock was climbing only because fossil announced it was closing stores and some positions.

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Post ID: @3ehq+KpiZ5ld

So Every brand they have is going tech device? I doubt it. They shoved it into Kors watches, see how that bites for a bit. Kors brand so mainstream, discounted now. No longer special.

If international sales are down, go down, so will these brands.

If US department store biz down, like Macys and Dillard's, so will fossil.

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Post ID: @2jjc+KpiZ5ld

Fossil is so 2009. Get with the times.

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Post ID: @ayn+KpiZ5ld

Sorry buddy, it was either Fossil closed up shop or the stock stopped dropping. Doesn't look like they will close up shop this year but next year is a possibility. You can only drop so much b4 the stock will finally be worth something. Just wait, people are waiting to sell again

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Post ID: @yrc+KpiZ5ld

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