Managed Money Skeptical On Levi’s Long-Term Growth Prospects

Managed Money Skeptical On  Levi’s Long-Term Growth Prospects


Levi Strauss & Co.’s (NYSE:LEVI) is betting it can convince investors there is still room for global growth left for the 165-year old company, but managed money see the iconic US blue jeans maker’s stock may be too pricey to generate a decent return.

The San Francisco-based company returned to the public markets Thursday for the 1st time since it went private through a leveraged buyout in Y 1985 with a stock debut that sold $587% worth of shares and gave it a market value of more than $8.7-B.

In its prospectus, Levi’s said it plans to expand its women’s clothing line and grow in markets such as China, which represented just 3% of its net sales in Y 2018.

The company’s IPO was priced at 17/share, and the shares (LEVI) closed up 5.41 at 22.41 on the day.

We here at HeffX-LTN see it a mature company that already has broad distribution and its customer base is shrinking because department stores are shrinking.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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