Guess’, Inc. (GES) looks really cheap when you compare the valuation with the amount of sales that came in last year. Q1 will be ugly but we expect some green shoots especially if market conditions can calm down so foot-traffic can return. We expect the dividend not to come back for some time for liquidity to be protected. Guess though despite the down-turn has strong cash-flows and should be able to ride out this downturn.
Let´s see what Q1 brings……
