
OTCMKTS:LVMUY
World's largest producer and distributor of luxury goods. Diversified businesses. Acquisition strategy working well. Share buybacks. Long term, consumer trend for premium products continues strong. Inelastic demand, no matter the price. Chart is all about higher highs and higher lows. Yield is 1.55%.
(Analysts’ price target is $210.00)Still likes it. A market that operates completely differently than everything else. Even when the price goes up, there's still high demand, as customers are insulated from ups and downs of economy. Perceived scarcity is prestige. The best luxury company in the world. Diversified. Great long-term hold.
Core holding. One question is the succession. Current CEO is one of the best operators in the market he's ever encountered, would be difficult to replace. Best portfolio of luxury assets. Navigated through Covid. Insane pricing power. Operating margins at record highs. Great execution and brand strength.