Replying to
@BorisBack:Hi, tks for reading my post and sharing your views.
In hindsight, I wonder too if Adiddas and Puma are faring any better.
New Balance had enjoyed a resurgence a few years back but it has cooled considerably.
Its "On" & Hoka that seems to be the "it" brand currently..
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@BorisBack:24x earnings is still rich for a brand with flat demand and margin repair still pending. Index removal is just optics, the real problem is growth no longer covering the multiple
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