Canada Goose: A Likely Break-Out for Next Earnings
Canada Goose has taken quite the hit over the last year as it essentially lost 50% of its numerical stock value. However, what traders must realize is Lululemon essentially went through the same process years ago when it surged from basically nothing to about 85-90.00 and also lost 50% of its value to near 40-50. Now, its about a 260+ stock.
In this case because these companies are "brands", P/E ratios can be mostly ignored here.
I believe CG will follow the same type of a trend and will continue to find support near the 50.00-ish range with perhaps going a bit below at certain times.
In the long-run, this will be a strong brand as they have diversified their product-line and international distribution. Over the course of the next 3-5 years this stock will be well over 100.00 and a top TSX performer.
- zSplit
In this case because these companies are "brands", P/E ratios can be mostly ignored here.
I believe CG will follow the same type of a trend and will continue to find support near the 50.00-ish range with perhaps going a bit below at certain times.
In the long-run, this will be a strong brand as they have diversified their product-line and international distribution. Over the course of the next 3-5 years this stock will be well over 100.00 and a top TSX performer.
- zSplit