“So, we are feeling pretty good, and we think we have great opportunity both in this quarter, in the first quarter of next year, and still think we can double the business in the next five years,” Weinberg said…
Doubling in five years is a 15% growth rate. Not nearly as impressive as past growth. Is he signaling a slowdown?
Upon Cramer’s urging, he pretty much admitted that the stock price had gotten way ahead of the business value. It might be a much, much slower growth trajectory from here on.
Tiptree, Fool One guide, long SKX