Down 75%, Here's Why I'm Still Bullish on Figs Stock
Shares of healthcare and lifestyle apparel brand Figs (NYSE: FIGS) are down 75% year to date. Shareholders experienced more pain after the company released third-quarter earnings. This dramatic decline would lead one to assume Figs must be a business in decline, or an unprofitable stock selling off as interest rates rise.
But Figs' recent results reveal that this isn't the case at all. The stock is profitable and growing at an impressive rate, despite the macroeconomic pressures around it. This dislocation provides an interesting opportunity for long-term investors.
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Source Fool.com
