Special Situations
VFC: Buy Here as Reopening Process Continues, MP Increase
Previously highlighted as a value name in our analysis released March 25, 2020, VF Corp. (VFC) has unveiled its plan for reopening stores across the Middle East, Europe and the United States as pandemic restrictions begin to ease. The earnings might have missed expectations on Friday (May 15), but digital sales and the ongoing reopening plan are clear positives moving forward, and the stock provides a value-oriented entry level at the same price as we recommended two months ago.

  • Investors Recommended to Take Advantage of Current Levels and Buy VFC
  • Originally Recommended a Value Entry on March 25 Alongside MAR & LHN SW
  • All Asia Pacific Region Stores Reopened / Middle East, Europe & United States Phased Plan in Place
  • Share Repurchase Suspended / Dividend Sustained / Liquidity Protection Measures Successful So Far
  • VFC Increases Special Situations Model Portfolio Weighting by +3% at the End of Today's (May 18) VWAP
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