Going Long on VFC due to the Fundamentals, Sell-off & Support
Great support during the last sell-off. This happened due to soft earnings expectations, and outlook. Brands are good, and if Trump can get some more employment going, these brands will be good sellers for the low and middle class America. Low and Middle Class has grown, with Value Buyers all around. Yesterday these jeans were selling in one store for $10.00 (Wrangler). That is a damn good price, but that means that they are hurting in getting rid of that brand also. Black Friday is around the corner. Christmas is around the corner. All of this will give it good support. 2.9% dividends, good ROE, 44 years of giving dividends, higher value of the dollar, meaning cheaper imports, will ultimately help these guys.......BUT, it will be a 1 year hold for me at a minimum or longer. What are you views?
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