BalkansCat We wrote an article shortly after Birkenstock Holding plc (NYSE:BIRK) went public where we shared our skepticism about the company's valuation. There is no doubt that they own a valuable brand for which many consumers are willing to pay a premium, but that was already reflected in the share price and then some. While shares are trading at a slightly higher price today, they have significantly underperformed the S&P 500 Index (SPY) on a total return basis. The company also just disappointed invest ...