On Running's Parent Keeps Sprinting Ahead -- Time to Buy the Stock?
On Holding (NYSE: ONON), mostly known to running enthusiasts as On Running, continues to follow its successful playbook since its 2021 initial public offering (IPO). The Switzerland-based running shoe company remains in a sprint, venturing into new markets and expanding its lineup of active lifestyle footwear.
Yet, the stock has sold off hard following its mid-year 2023 update. I've been keeping pace with On since the IPO, and might finally nibble. Here's why.
On Running has been notching fast and steady expansion from its base in the Swiss Alps, winning over running fans worldwide. More recently, perhaps On has popped up on your radar from its partnership with tennis superstar Roger Federer (an early On investor) and the tennis shoes they've been making.
Source Fool.com
