2024-01-24 04:41:28 ET
Summary
- Fox Factory Holding manufactures performance products for various vehicles and has a dominant presence in the US.
- FOXF's margins have come under pressure recently, but I view these pressures to be temporary.
- Along with margin pressures, the company announced an acquisition that resulted in a sell-off in the share price, creating a buying opportunity for long-term investors.
Introduction
Fox Factory Holding Corp. ( FOXF ) manufactures performance products, equipment, and gear that are used for a variety of different vehicles. This includes everything from bicycles, off-road vehicles, motorcycles, snowmobiles, ATVs, commercial trucks, and specialty vehicles. While the company has a dominant presence in the United States ( 63% of revenues), the company also generates sales internationally with a presence in Europe and Asia (20% and 17%, respectively)....
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Fox Factory Holding: Temporary Pressures Have Created A Buying Opportunity