While investors are excited over every piece of news about artificial intelligence (AI), how about just laying back, kicking your shoes off, and enjoying the profits from… your shoes?
The German shoe company best known for its sandals, Birkenstock (BIRK), made its first shoe way back in 1774, and listed here in the U.S. last year. Its patented “footbed”—the bulky sole of the distinctive sandals—was the source of its ‘magic’ for literally centuries.
