Alan Brochstein, CFA
Contrarian, growth at reasonable price, management change, cannabis stocks

A.T. Cross Transforms To Sunglasses Pure-Play

Kudos to A.T. Cross (NASDAQ:ATX), which delivered rather quickly on its efforts to unload the Cross Accessories Division ("CAD") with its iconic Cross pens and related products to focus solely on its rapidly growing Cross Optical Group ("COG"), a specialty sunglasses company. Not only did the company separate the businesses to create instant value, but it also got a very good price. At this point, while the transaction hasn't yet closed, investors got a good look at what the company will look like going forward when the company reported Q2 earnings and held a conference call. While the stock has rallied significantly, ATX appears attractive and could continue its advance over the next year as investors learn more...

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