On had to be perfect going into earnings. Fast growth company and priced accordingly. On isn't cheap. It wasn't a month ago at $35 and wasn't when I bought it yesterday at $50.70. What On has transcends cheap. On has momentum, good management, and a near-perfect business model. It's got the fattest margins in footwear.
After running 40% from the lows, On had to be close to perfect when the company reported this morning.
Here's how I graded it...
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