ONON - On Holding: The Story Of David With The Growth Of Goliath
2024-05-18 04:03:12 ET
Summary
- On Holdings is a Swiss company that is gaining popularity in the running shoes and sportswear.
- The company could triple its sales and still would make less than some competitors like Under Armor today. There's a long run ahead.
- I think ON is currently a hold after having risen more than 20% post-Q1 2024 results, but I'll be waiting for a buy opportunity in the short term.
Investment Thesis
On Holding ( ONON ) is a company dedicated to sports clothing and that in recent years has stood out for its running shoes, which have very high gross margins thanks to the high sales price that the company has managed to maintain. While its market share is currently extremely small, it is rapidly gaining more and more year-on-year....
On Holding: The Story Of David With The Growth Of Goliath