$HUNTERDOUGLAS - Hunter Douglas has strong competitive moats with scaled manufacturing, custom products, and owns customer relationships directly. TAM is $70B with HD as the clear market leader.
$SKECHERS - Skechers is the third-largest sneaker company globally with 9B in sales, growing double-digits consistently, with strong distribution and product innovation. The brand is bigger than most realize.
$FRANCHISE - Franchise business models are highly capital-efficient with entrepreneurs globally investing their capital to grow the brand while generating royalty-based recurring revenue.
$FOOTWEAR - Athletic footwear industry growing 7% annually driven by casualization and athleisure trends with limited private label risk.
Bearish:
$CPG - Consumer packaged goods companies face structural headwinds from private label growth and customer concentration risk with major retailers who can disintermediate them.