An industrial conglomerate. They had been big on traditional industrial plays but now are pivoting to software as-a-service revenues. They are well run and spin off a lot of cash. They have a great track record for acquisitions.

He is not a huge fan. It has always been an expensive place to park money. You pay a high premium for low growth. There is not a lot of room to grow in traditional product lines. Growth will be challenged for a year or so.

You need to be in it for the long term. He would be holding it right now. You see all the advertisements on Google. Their cloud platform is not as strong as the other two, however. They have exposure to self driving cars and some healthcare exposure.

It is an interesting company and a great way to play the luxury space. Buying power in China is growing where they have a large exposure. It is a huge portfolio of luxury brands. They have a lot of digital ecommerce strategies that they are working on. Sophora, which they own, has a great digital platform. China is so important to their growth but it is a world-wide brand.

If you want to take a flier on it, it is an interesting way to do it. The competition is pretty fierce. They have a lot of the same drivers. This is one way to play it and you get the ancillary businesses like Uber-Eats.

He followed it for a while here. It is a tightly held company. They have a good record of turning intellectual property into successful brands.

It screens very, very well. It has everything you want to see, except for the valuation. It is a hard company to buy. It is a pest control company. It is never going to go anywhere.