Out of Fashion

Companies are dropping like flies and valuations of them have been decreasing exponentially. It is hard to tell when these times will end. Unfortunately, one of the companies which has been present since we were toddlers is allegedly in very deep water with the combination of debt and COVID-19. This company is J. Crew, a large producer of Jeans available in many retail locations. It is sad to see very strong companies fall into these situations and the question to be raised is, who may be next?

As always, stay bullish!