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Are Better Days Ahead for This Watch Maker?

TheMotleyFool

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Are Better Days Ahead for This Watch Maker?

It has been a dismal year for owners of watchmaker Fossil Group (NASDAQ: FOSL). The stock is down over 60% as profitability for company is non-existent, and sales trends remain negative.

A brief rebound for the shares was helped, in part, by insider buying activity and talk in Washington D.C. about lower corporate tax rates. Investors, however, should curb their enthusiasm.