peepo Investment Thesis Ferrari (NYSE:RACE) reported earnings on May 7. Their core earnings grew 13% despite flat deliveries, driven by high-end models and customization. CFO Antonio Picca touted “positive business trends” and a full order book, but sticking to full-year forecasts left investors wanting more. RACE stock fell around 5.5% after the report, despite analysts…
peepo There are many reasons why the automotive industry is not a particularly attractive one. It is capital intensive, sales are very sensitive to the state of the economy, which results in high cyclicality, and most participants tend to have basically no competitive moats. Just like airlines (JETS), the automobile manufacturer sector has seen more…
TBE What does generally come to your mind first, when people mention luxury goods? I would expect people to think about beach front villas, yachts, sport cars, but certainly fashion, watches and expensive cosmetics make the top of the list. Moët Hennessy Louis Vuitton (OTCPK:LVMHF), Hermès International S.A. (OTCPK:HESAY) and Estée Lauder Companies (EL) are…
Damir Khabirov/iStock via Getty Images Guess? (NYSE:GES) is a global apparel retailer with operations in 100 countries and nearly $3 billion in revenues. The company grew enormously in the early 2000s and until 2013. After that and until the pandemic, the company’s operations were bad, losing market and margins. In 2019, the company’s COO and…
Jeremy Moeller/Getty Images News Hermes (OTCPK:HESAY) is a French company founded in 1836 by Thierry Hermès and has had a return of 4969% for its shareholders over the last 20 years. The secret of Hermès lies in having ascended to the highest echelon of luxury, thanks to the founding family at the helm, obsessed with…
zhnger I have previously assigned a “Buy” rating to LVMH (OTCPK:LVMHF) stock, arguing that the conglomerate is well positioned for long-term out-performance in a highly attractive sector, consumer luxury goods. Although I continue to view LVMH as an attractive GARP investment, I believe the near-term outlook going into early 2024 is setting up more difficult…
Receive free Hermes International SCA updates We’ll send you a myFT Daily Digest email rounding up the latest Hermes International SCA news every morning. French luxury group Hermès has defied an industry-wide slowdown in the US, posting 22 per cent growth in sales across all markets in the first half of the year. Overall revenues…