Birkenstock: Stock Is Still Not Attractive After Price Drop
BIRKBirkenstock plc(BIRK) Seeking Alpha·2024-09-06 01:30
herstockart Birkenstock's (NYSE:BIRK) Q3 2024 was great, with the company growing impressively behind challenging figures for most peers. Despite this, the stock price collapsed because of a revenue and earnings miss. Like Abercrombie & Fitch (ANF) this earnings season, the BIRK price collapse is a warning against buying a growing business at high valuations. Even when things work great, the stock may collapse. Apart from that price event, the result and the call did not provide much new information. Ho ...