Johnson Outdoors Falls On Bleak Outlook

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ValueWalk

Deep Value Johnson Outdoors Goes On SaleJohnson Outdoors (NASDAQ:JOUT) is a blue-chip quality outdoor recreation stock with two things to be aware of. The first is that demand is high across all segments and driven by secular tailwinds that have nothing to do with COVID-19. The second is that supply chain headwinds are cutting into sales, primarily in the Fishing segment, and are expected to last through the end of the year. As bad as the news is for Johnson Outdoors, it could be worse for the broader market if this is what we can expect from S&P 500 earnings as we approach the midpoint of Q2 …

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