Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Yesterday, Watches of Switzerland Group Plc (WOSG) revised its optimistic forecast issued last quarter, in which it projected a doubling of sales and profits by 2028. The Rabid Capitalist noted at the time that the estimate was hope overwhelming disciplined judgment (see https://therabidcapitalist.com/2023/11/08/watches-of-switzerland-misses-but-promises-a-rebound/).
There were many evidence-based reasons to doubt the company’s previous guidance. Firm performance trends, economic forces and competitive issues stood in opposition to WOSG’s estimates.
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