Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • My Rifles
  • Concentrate on Dividend Record and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Old Confederacy
  • Main Street Conservative
  • BLM’s Marxist Agenda
  • Ron Paul
  • Bank Credit & Money
  • Freedom Force

LVMH: One of My Favorite Companies in the World

October 11, 2018 By Richard C. Young

By Pisit.Sj @ Shutterstock.com

Next week I am heading to Paris to spend two weeks visiting LVMH retail locations in Paris, and each of the Palace Hotels, as well as the vineyards of Burgundy.

In the case of LVMH, the company controls one of the world’s best portfolios of luxury clothing, Champagne and liquors. It is virtually unrivaled.

The very best just never goes out of style.

Reports the Wall Street Journal:

Investors seem to be looking for any excuse to sell luxury stocks just now.

This week it was slightly underwhelming third-quarter sales numbers from luxury conglomerate LVMH LVMUY -9.07% Moët Hennessy Louis Vuitton, posted after the Paris stock market closed Tuesday.

LVMH stock is down 13% this month after an 8% fall Wednesday. Shares in Kering, the holding company for Gucci, Yves Saint-Laurent and Balenciaga, are down 17%

The latest selloff is hard to understand on the face of it. LVMH’s third-quarter sales were 10% higher than in the same quarter last year, excluding currencies and acquisitions.

Most companies would give a lot for this kind of growth. Moreover, sales growth accelerated to 14%, from 13% in the second quarter, in the higher-margin fashion and leather-goods division that includes the Louis Vuitton brand.

The inclusion for the first time of Christian Dior , which the company acquired in July last year, may have helped here.

The luxury sector is cyclical, so investors do well to buy when companies are gloomy. They just aren’t gloomy enough yet.

The news flow at LVMH will likely get worse before it gets better.

Read more here.

 

Related Posts

  • Will the Dow’s Mega-Companies Use Blockchain to Change the World?
  • The 8th Wonder of the World
  • The World is Going to Change
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Latest posts by Richard C. Young (see all)
  • Insurrection Was the Furthest Thing from Trump’s Mind - January 15, 2021
  • An Alert for Warm Weather, Wine Loving Mavens. - January 15, 2021
  • We Support Censure of Flake, McCain and Ducey - January 14, 2021

Dick Young’s Must Reads

  • Can Ginger Combat Heart Disease and Improve Circulation?
  • Vermont Abandoned, Dairy Farm Economy Devastated
  • TAC, Embracing Old and Conservative Principles
  • Johnson’s Landslide Tory Victory Crushes Corbyn the Communist
  • Paris, The Palace Hotels: Part I
  • U.S. Survival AR-7
  • How S.D. Surged in Vaccination Inoculations
  • My Smith & Wesson Revolvers Home Defense Team
  • My Battle-Hardened Stock Market Strategy for the Worst of Times
  • TAC’s Robert W. Merry Unveils Presidential War Lies

Our Most Popular Posts

  • The Coordinated Attack on Free Speech
  • Why Was the U.S Capitol Left So Vulnerable?
  • The Death of the Dollar and America's AA Credit
  • Who's Inciting Violence: Trump or Democrats?
  • Blue Dog Democrats Must Stop the Squad’s Assault on America
  • Enough of the Whiteness Shrieks a Woke Pelosi
  • Why Buying Bonds Matters in Times Like These
  • Media Talk of Impeachment is Absurd
  • Will We Remain a Nation Divided?
  • Was the Capitol Attack a False Flag?

Disclosure

RSS Youngresearch.com

  • The Fed is Sacrificing Retirees to Save the Banks
  • Jim Simons’s Renaissance Technologies vs. Internet Forum Traders
  • February RAGE Gauge: Americans Focusing on What’s In Front of Them
  • Biden Plans to Spend Trillions More on COVID-19 Stimulus
  • There’s Always a Way Forward for Americans Like YOU
  • Overtaken By Nvidia, Intel Fires Bob Swan
  • Do You Remember When NASDAQ Dropped by 82%?
  • Downcast Small Business Owners Prepare for a Difficult Four Years
  • Don’t Be on Their Radar, Get Out of Debt Now
  • Business Owners Must Reassess Relationship with Big-Tech

Insurrection Was the Furthest Thing from Trump’s Mind

Who Are Those Urging Violence?

Are $2,000 Checks Going to Rebuild NYC?

An Alert for Warm Weather, Wine Loving Mavens.

Key West’s Number One Restaurant: The Thirsty Mermaid

VIDEO: Henry U.S. Survival AR-7

Copyright © 2021 | Terms & Conditions | About Us | Dick Young | Archives