7/31/25 :: VROCKSTAR :: 
BIRK
PSA from a
DECK owner...
- not as close to this one asDECK
- but it's hard enough to own namesDECK (reported nice beat and good indiation on 2H) and 
LULU that reports end of aug with 6+% fcf yields and trading in the mid teens
- i "get" birkenstock is a great brand
- but should it trade high 20s when, honestly, it's not 2x-ish the quality of say "hoka" or "lululemon" brands? tough one
- it's more of a recent IPO too, which means still mkt (generally) has had less time to fully understand it... say over the period of time as it hasDECK and LULU nevermind other stuff.
- i'm not suggesting this is a short
- but if i owned it, id probably swap it for one of the two above
- flagging this consideration for anyone before they FAFO
V
BIRKPSA from a
DECK owner...- not as close to this one as
DECK- but it's hard enough to own names
DECK (reported nice beat and good indiation on 2H) and LULU that reports end of aug with 6+% fcf yields and trading in the mid teens- i "get" birkenstock is a great brand
- but should it trade high 20s when, honestly, it's not 2x-ish the quality of say "hoka" or "lululemon" brands? tough one
- it's more of a recent IPO too, which means still mkt (generally) has had less time to fully understand it... say over the period of time as it has
DECK and LULU nevermind other stuff.- i'm not suggesting this is a short
- but if i owned it, id probably swap it for one of the two above
- flagging this consideration for anyone before they FAFO
V
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.