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Aritzia Inc. Subordinate Voting Shares (ATZ $75.09)
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Canada Goose Holdings Inc. Subordinate Voting Shares (GOOS $19.47)
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Frontier Lithium Inc. (FL $0.56)
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Crocs Inc. (CROX $104.52)
Both my consumer cyclical holdings - Footlocker and Canada Goose - have lost a lot of money. I am wondering what 5i's thoughts are?
Regards,
Ryan
FL is being acquired by Dick's in a $2.4B deal at a price of $24.00 per share. We would be comfortable selling prior to the acquisition to take advantage of other opportunities in the market.
GOOS has been rising nicely since its earnings report, but shares have been flat since 2024, and have been in a downtrend since 2018. In general, we are not huge fans of waiting for turnarounds or expecting a long-term downtrend to reverse any time soon. GOOS is priced OK at 17X forward earnings, but analyst sales and earnings estimates have been declining. Forward growth is expected to be fairly muted. Overall, we would be more comfortable with a name like ATZ or CROX.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in CROX.