#tradeidea

[traderpulse]

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[djlonestarofficial]

#eurcad #eurcadsetup #tradeideas #tradeidea #setups #forextrading #tradingforex #forex #leipzigtradingclub #swingtrading #swingtrades (hier: Leipzig, Germany) https://www.instagram.com/p/BuJ-Vx_A-5d/?utm_source=ig_tumblr_share&igshid=1nl8osu5zyj4v

[djlonestarofficial]

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[shark-town]

Trade Idea: Iconix Brand Group

Iconix (ICON) owns a diversified portfolio of mostly fashion brands, a lot of brands by the looks of it... I counted 32 listed on their website. They benefit from some strong brands, and strong diversification (which minimises risk in the event a few brands don’t do so well).

They have had a positive free cash flow for the last 10 years, and even if we conservatively project zero growth for the next 20 years, the intrinsic value of this company at 10% discount rate (the annual rate of return which I want to achieve) is around $36.

At the current price of $21.71, this represents some serious value. I jumped on yesterday and will be looking to sell at about $32.

I own shares in ICON. Please note that I am not qualified to give financial or investment advice. This post is my opinion and should not be taken as a de facto recommendation (as with any stock advice from any source!).