Fossil's (FOSL) 2019 outlook has gone from uncertain to dismal, along with its prospects for the foreseeable future. At the beginning of the year, one could be forgiven for venturing cautious optimism. Though Q4 disappointed the market, it was encouraging to see $50 million in profits following nearly two years of quarterly losses. Continued development of the Wearables segment and a mysterious IP deal with Google (GOOG) (GOOGL) represented digital lifeboat for a vintage ship. As it undertook aggressive measures to reduce costs, the company seemed headed toward modest profitability, a manageable sales decline, and