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Alluvium Global Fund's investment thesis on Capri Holdings ($CPRI) — Q2 2023 | Buyside Digest

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$CPRINASDAQCapri Holdings

BULL

Alluvium Global Fund—CPRI

Fund Letter

Q2 2023

Published July 11, 2023

View Fund Profile

$16.02USD

+18.1% vs last month

$35.26Pitched

-54.6% since pitch

Market Cap$1.8B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

Capri Holdings' share price fell sharply due to lowered sales guidance caused by US Dollar strength, but underlying earnings power remained robust and supported by share buybacks. The manager adjusted...

— Stuart Pearce, Alexis Delloye

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Greenlight CapitalBULL

Pitched Jun 30, 2024

Greenlight repurchased Capri Holdings at a steep discount to its $57 acquisition price by Tapestry due to an FTC antitrust lawsuit. The manager expects...

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