Readers with a little gray at the temples may fondly remember back to a
time when Esprit was a popular, or at least relevant, apparel brand in
the U.S. A lot has changed since then, and Esprit Holdings (NASDAQ: ESPGY.PK)
is now a global wholesale and retail apparel brand with a major
presence in Europe and the hope of riding China's middle class to
another era of growth. Unfortunately, Esprit has been in a five-year
tailspin that has seen serious revenue, margin, and cash flow erosion,
as well as the rise of numerous very competitive global retailing
concepts. While there is a major discrepancy between the sell-side and
buy-side of the Street regarding Esprit's future prospects, it's
difficult to make the case that there's enough value here to speculate
on a recovery.
Please continue here:
Esprit Holdings Already Priced For A Very Uncertain Recovery
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