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Stock impact report

Fox Factory: Patience Before Pulling The Trigger [Seeking Alpha]

Fox Factory Holding Corp. (FOXF) 
Last fox factory holding corp. earnings: 3/3 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.ridefox.com
Company Research Source: Seeking Alpha
stockstudioX/E+ via Getty ImagesThesisFox Factory Holding Corp (NASDAQ:FOXF20% upside from current levels by 2024 using an exit multiple of 19x 12-month forward EV/EBIT. Although this return is somewhat compelling, I expect further weakness after the company issued weak guidance for the second half of the year.Overview of the business and strategyBob Fox foundedAs the years progressed, FOX expanded beyond the motocross market and entered the high-performance suspension business for mountain bikes, snowmobiles, andoff-road vehicles. The diversification of the product portfolio proved to be a pivotal move for the business as it established a solid footing for quality and performance, allowing it to capture significant market share. The company's strategic partnerships and acquisitions, such as the purchase of Race Face and Easton Cycling in2014, further contributed to solidifying its position as a leading name in performance-driven suspension and biking components.Over the past decade, Show less Read more
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