Tag Archives: Movado

Fossil (FOSL) – Share buy backs & Management (part 2)

This is a follow-up to my first post on Fossil. The short summary:

Fossil has a good but not great business with some issues, among others the potential success of smart watches. The reason to dig deeper was the unusual combination of CEO/owner with zero salary and capital allocation with a focus on share buy backs.

Share buy backs

There is a great collection of articles on Teledyne and Henry Singleton “available at CS Investing. One absolute gem inside is a classification of stock buy backs in order of usefulness to shareholders from Hedge Fund Honcho Leon Cooperman:

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