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
Only a king can do this