Swedish consumer discretionary is getting repriced top to bottom, and each name is earning its drawdown.

$DOMETIC cancelled its dividend March 12 and is down -25% since.

$THULE posted record sales (SEK 10.4B) yet has shed 43% of its market cap in a year. The market doesn't believe the margin story survives the cycle.

$MIPS is -55% from its June high on falling earnings and a dividend cut.

Three different companies, three different problems. This isn't a correlation trade gone wrong. It's a sector telling you something.

…(at least) one of these three may be worth a closer look. More to come!