First let me remind you of my last four picks:
1. Jd.com I said it is going to 50 . And It tanked bc of corona.
2. Dicks sporting goods I said it is going to 43 and it tanked.
3. Called $INO rally when it was under $5 the stock climbed to $19 in 5 days.
4. Bought $Dell $40 puts for $1.1 dell is Trading under $29 now.
Now what about guess?
1. It took a hit when corona spread to italy, where 10% of revenue come from.
2. It took another hit when almost most of the world got shut down bc of corona
3. It lost 80% of its value in a month .
4. Corona will effect q1 sales. That is usually off season.
5. Guess made $1.18 in last q. It closed at $3.92 yasterday.
6. CEO says they are in good financial position and have enough liquidity to survive the crisis.
7. This is a value play. It may take a couple of years to get back to $20s
8. This is a contrarian pick.
1. Jd.com I said it is going to 50 . And It tanked bc of corona.
2. Dicks sporting goods I said it is going to 43 and it tanked.
3. Called $INO rally when it was under $5 the stock climbed to $19 in 5 days.
4. Bought $Dell $40 puts for $1.1 dell is Trading under $29 now.
Now what about guess?
1. It took a hit when corona spread to italy, where 10% of revenue come from.
2. It took another hit when almost most of the world got shut down bc of corona
3. It lost 80% of its value in a month .
4. Corona will effect q1 sales. That is usually off season.
5. Guess made $1.18 in last q. It closed at $3.92 yasterday.
6. CEO says they are in good financial position and have enough liquidity to survive the crisis.
7. This is a value play. It may take a couple of years to get back to $20s
8. This is a contrarian pick.