This stock offers limited prospects

Article Excerpt

You should remain wary of stocks that attract broker/media attention because of high-profile products or services, and their business models. Here’s a closer look at one stock with risks that prospective investors should take into consideration: CANADA GOOSE HOLDINGS, $13.03, (Toronto symbol GOOS; TSINetwork Rating: Extra Risk) (www.canadagoose.com; Shares outstanding: 96.7 million; Market cap: $1.3 million; No dividends paid) is a Toronto-based luxury apparel manufacturer known for its iconic winter jackets. Canada Goose had 72 retail stores as of September 29, 2024. To try and boost sales, the company recently announced a product expansion into eyewear through its licensee partnership with Marchon Eyewear. It plans to launch its first eyewear collection in Spring 2025. In the quarter ended September 29, 2024, revenue fell 4.7%, to $267.8 million from $281.1 million a year earlier. The company made $5.2 million, or $0.05 a share. That’s down 67.9% from $16.2 million, or $0.16. Above all, Canada Goose needs to compete and grow in the fickle and crowded global market for…