A Once-in-a-Decade Opportunity: 1 Brilliant Stock to Buy Right Now After a 68% Drop
Yeti (NYSE: YETI) and its up-and-coming lifestyle brand have had a wild existence on the publicly traded markets.Going public at $18 per share, Yeti skyrocketed to over $100 within three years. Since then, however, the stock has tumbled roughly 68% as a significant product recall, a slowdown in sales growth, more cautious consumers, and potential tariffs on Chinese goods weighed on Yeti's operations.Despite this, the company has grown its sales, operating income, and free cash flow by 152%, 189%, and 287%, respectively, since its initial public offering. Thanks to the divergence between this steady growth and Yeti's declining share price, the company's valuations are near all-time lows.Continue reading
Yeti (NYSE: YETI) and its up-and-coming lifestyle brand have had a wild existence on the publicly traded markets.
Going public at $18 per share, Yeti skyrocketed to over $100 within three years. Since then, however, the stock has tumbled roughly 68% as a significant product recall, a slowdown in sales growth, more cautious consumers, and potential tariffs on Chinese goods weighed on Yeti's operations.
Despite this, the company has grown its sales, operating income, and free cash flow by 152%, 189%, and 287%, respectively, since its initial public offering. Thanks to the divergence between this steady growth and Yeti's declining share price, the company's valuations are near all-time lows.
