Oxford Industries Inc. (NYSE: OXM) Management Has a Credible Business Strategy
No company, big or small, can escape the business cycle altogether. All stocks are affected by macroeconomic factors beyond management control. Therefore, guidance about a relatively staid year should not deter the long-term and professional stock investor. Buy, hold, and sell decisions must sometimes be based on management statements, rather than on numbers alone. This company is a typical example of stock support based on earnings guidance. The recent management statement about this company’s prospects in 2008 are as reassuring as calming words from the cockpit of an aircraft approaching turbulent weather. There is no doubt that near-term business prospects…
