Source: Investor presentation
Apparel retailer Urban Outfitters (URBN) is a stock that I've been bullish on quite a few times in the past. The company has three strong brands - Free People, Anthropologie, and of course, Urban Outfitters - and it has executed fairly well over the years on things like returning excess cash via buybacks, and growing the top line. However, shares are trading for half the level they did in August of 2018, having been pummeled thanks to some disappointing earnings reports, tariff concerns out of China, and general distaste for