JOUT - Johnson Outdoors After Sharp Correction: A Long-Term Buy With Upside Potential
- Johnson Outdoors Inc. stock put in a pretty strong performance after the COVID-19 low, nearly tripling in the interim.
- After a sharp correction, however, the stock is now trading almost 25 percent below its all-time high.
- Of course, there is a risk that investors are reaching for a falling knife here.
- Above all, the stable balance sheet, a valuation that is not exorbitantly expensive, and high cash flows that should enable rising dividends are reasons to buy the stock.
- Moreover, Johnson Outdoors could benefit from the further development of the Corona pandemic.
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Johnson Outdoors After Sharp Correction: A Long-Term Buy With Upside Potential