I'm also in the sidelines with Hermes for the same reason but I'll start a position soon. Quality companies always are at a premium and fundamentals are much better than LVMH.
Likewise I was tracking LVMH but after the last earnings quarter it’s clear that a lot of LVMH brands are aspirational luxury whereas Hermes is true luxury. It’s an important distinction because true luxury does not get impacted by economic downturns.
Totally agree. I'll admit that LVMH valuation is enticing at the moment, but HERMES performed much better this latest Q. This is telling. Hopefully you'll do a valuation analysis soon.
Thank you. My cost basis is below $10, and with a current weight of almost 6%, it's not at the top of my list, but I still think it's attractive at these levels.
I'm also in the sidelines with Hermes for the same reason but I'll start a position soon. Quality companies always are at a premium and fundamentals are much better than LVMH.
Likewise I was tracking LVMH but after the last earnings quarter it’s clear that a lot of LVMH brands are aspirational luxury whereas Hermes is true luxury. It’s an important distinction because true luxury does not get impacted by economic downturns.
Totally agree. I'll admit that LVMH valuation is enticing at the moment, but HERMES performed much better this latest Q. This is telling. Hopefully you'll do a valuation analysis soon.
Good suggestion!
Great update. Are you considering any more Nu now it has pulled back close to $12?
Thank you. My cost basis is below $10, and with a current weight of almost 6%, it's not at the top of my list, but I still think it's attractive at these levels.
Got it. Makes sense. You were in earlier than me!
Lets just say NU is looking a lot more interesting than it was two days ago after the drop
Great post! Hermes is always on my watchlist too, but always too expensive :(
Agree but it's been expensive for a reason. It has crushed the market over every time period.