FOSL

**jianyunli** Thu Jan 19, 2006 10:04 am

FOSL
Blast, what do you think of Fossil?
thanks

**blast_investor** Fri Jan 20, 2006 12:53 am

I have not studied this stock, don't know that much about it.

This stock looks very interesting, large insider buying, PE is a little bit high, but still in the acceptable range if the growth is good. I like what I see so far.

What's your take?

**teenvestor2** Sat Jan 21, 2006 8:51 pm

Re: FOSL
jianyunli wrote: Blast, what do you think of Fossil?
thanks

Read this <<http://www.ticonline.com/temp/2004.chuong.investment.management-partner.letter.pdf>>

**dahhuilaudavid** Sat Feb 25, 2006 4:59 am

Jim Chuong is a great investment manager and has a massive position in FOSL; his biggest holding (40% of asset).

Have a read of his 2005 Partnership letter.

http://www.ticonline.com/temp/2005.chuong.investment.management-partner.letter.doc

All the best,
Dah Hui Lau (David)
http://dahhuilaudavid.blogspot.com/

**dark** Mon Feb 27, 2006 9:19 am

Your first link is his 2004 portfolio.

And its recent drop is because of its falling profit. For recent quarter, its net income dropped to $22.2 million, or 31 cents a share, from $35.1 million, or 47 cents a share, a year earlier. And its net sales ONLY increased 1.8 percent.

So, you see Fossil's business is in trouble. As Blast noted its P/E ratio is a little too high, and now with the doubt of growth, probably it is not a value stock at all.