Luxottica Group S.p.A. (ADR) (NYSE:LUX)
CAPS Rating:
The Company is engaged in the design, manufacture and distribution of prescription frames and sunglasses in the mid- and premium-price categories.
The Company is engaged in the design, manufacture and distribution of prescription frames and sunglasses in the mid- and premium-price categories.
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If you are wearing glasses made in Italy--whether basic fashion frames like Polo or kicking back in your Ray-Bans or making the scene on Sunset Blvd. in Oliver Peoples you are wearing Luxottica. They have a near monopoly on eyeglasses for the masses. In these troubled economic times, what better--and cheaper--way is there to upgrade your look than getting a new pair of glasses, particularly if they are covered by your vision plan? I like this company and it's cheap right now.