Guess is a value play $GES
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.
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.