The team from Half Moon Capital, Eric DeLamarter and Brandon Carnovale, come on the pod to discuss their thesis on Oxford Industries (OXM). OXM owns the Tommy Bahama and Lily Pulitzer brands, and Half Moon thinks the market is underestimating the strength of those brands for a variety of reasons.
Half Moon's OXM thesis: https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:aec0338f-33d0-4e35-b956-ac6aa024167a?viewer%21megaVerb=group-discover
Chapters
- 0:00 Intro
- 2:20 OXM overview
- 5:00 Tommy Bahama brand strength
- 8:55 Could Tommy Bahama follow the LULU brand path?
- 16:05 OXM's valuation
- 22:10 Did Tommy Bahama over-earn during COVID?
- 28:00 OXM management 36:10 Capital Allocation and OXM's recent Johnny Was acquisition
- 38:30 CROX HEYDUDE acquisition and learnings for OXM
- 43:10 A little more on Tommy Bahama and the California branded hotel
- 47:30 OXM's margins and current competitive environment
- 53:30 Tommy Bahama's inventory risk
