$ONON Sells Off Despite Strong Growth and Margin Expansion
$On Holding AG(ONON)$
The market is giving long-term investors incredible deals if you know where to look.
Today, On Holding is down 11% because of a CEO change. But the company is
✅ Compounding at 20%+
✅ Expanding margins (now 63% gross!)
✅ Trading for just 3.3x trailing sales and 24x forward earnings estimates
Even if there's a recession, wealthy buyers of On shoes will keep buying shoes, right?
Long-term, this is a great risk/reward in apparel.
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