Investment Thesis
Designer Brands Inc (DBI) is a value investors stock, trading at a P/E of 8.8. This is despite growth projected moving forward, from a number of catalysts including the Camuto acquisition, increased digital demand and growth in the Canadian market. The result of these catalysts is a more diversified DBI that is a less risky company. We are very bullish on the company and see 36% upside.
Catalysts
Camuto & Increased Diversification
Camuto was acquired by Authentic Brands Group Inc in October 2018 to form Designer Brands Inc. A year later,