Birkenstock: Right Time To Buy
Birkenstock plc(BIRK) Seeking Alpha·2024-01-30 17:45
Ethan SwopeAllbirds (BIRD) is out, Birkenstock (NYSE:BIRK) is in. Though investors have a bad taste in their mouths from the near-failure of the San Francisco-based wool shoemaker, Birkenstock is in another category entirely. German-made and a bastion of quality and endurance for over 200 years, Birkenstock went public at the tail end of last year at $46 per share. After initially falling to the low $40s, the stock is rallying again this year in sympathy with the broader markets - and in my view, it's w ...