Thanks Leandro, another example of how the markets take a short term view of a long term company. A real war is waging - it’s no wonder even great businesses are affected somewhat. The underlying business remains first class. The global rich are getting richer and more numerous and Hermes make something unique and artisan in an otherwise mass production world. I hope for further price drops.
Thanks Leandro, another example of how the markets take a short term view of a long term company. A real war is waging - it’s no wonder even great businesses are affected somewhat. The underlying business remains first class. The global rich are getting richer and more numerous and Hermes make something unique and artisan in an otherwise mass production world. I hope for further price drops.
Hermes back up another 6% today - mr market hasn’t taken his pills!!!
Yup, haha up in an elevator
Great company and I'd love to own it.
But a PE in the high 30s with 7% growth is too expensive. Even accounting for their cash.
French budget deficit is unsustainable but they get riots when they try to reduce it. The temporary tax probably becomes permanent.
Until France goes back to a currency they can print.
And the EU has to breakup - 27 nations cannot agree on anything.
All this must happen, but I don't know when.
Theres probably a crisis/opportunity there sometime to buy good shares.