Movado Group: Sell-Off During Momentum In Retail Stocks Creates Opportunities
- Movado Group disappointed investors with a weak set of second quarter results.
- While the company maintained the full year outlook, this move did not really comfort investors.
- Appeal is emerging amidst historical growth, an appealing valuation and a rock solid balance sheet.
- The company might be a nice medium term contrarian play amidst recent momentum in retail stocks.