On Holding (NYSE: ONON) has taken investors on a wild ride since its initial public offering on Sept. 15, 2021. The Swiss maker of footwear and athletic apparel went public at $24, and its stock more than doubled to an all-time high of $51.45 just two months later.

But today, On trades at about $27. The bulls retreated as inflation squeezed its margins and rising interest rates compressed its valuations. However, I believe that pullback represents a golden buying opportunity for three simple reasons.

Image source: Getty Images.

Continue reading

Source Fool.com