RCKY - Rocky Brands Is On Solid Footing But Is A Hold
2024-07-06 04:20:34 ET
Summary
- Rocky Brands is a footwear manufacturer and wholesaler focused on work, outdoors, winter, and duty/military boots.
- The company seems to have weathered a crisis caused by retailer destocking and high debt. Today, the situation is much better.
- Rocky's brands are well positioned in their markets, but given the macro outlook, I do not expect a meaningful improvement in end demand.
- Given the above, and considering the company's different potential capital structures, I do not think the stock is an opportunity at these prices.
Rocky Brands ( RCKY ) is a footwear manufacturer and wholesaler focused on work, outdoors, winter, and duty/military boots....
Rocky Brands Is On Solid Footing But Is A Hold