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Luxury sells itself...
Emerging market sell off is over subscribed - 38% of LVMUY's sales originate in these market's yet the facts indicate the media frenzy of a melt down is an over reaction.
This is a Super quality company that has a very strong following of well financed customers. It will always be around doing well.
The company produces quite many people use. It can outperform the S&P in the long run.
For the customer base (wealthy) it has relatively price inelastic brands that will do well in bad times and even better in good times.
Now that Europe is back on the road to stability, I expect LVMH stock price to grow nicely.
High end luxury goods are purchased by people for whom exclusivity is their purchase priority and price is irrelevant.
If my girlfriend is any indication, this company will never, ever die.
With its sales growth up by more than 19% since 2009, and with continued growth in emerging markets like China, this company looks good for the long run.
This is a play on China's increasing demand for luxury goods, as the country's middle class and standard of living grows.
luxury products, growing consumerism in asia
Brilliant action since the last 3 years, the luxury never dies
Just following the All Stars.
New foreign markets for luxury goods + wide product range + strong brands.
Further expanse of the Louis Vuitton brand in China, Japan ect... Combined with the reliability and strong market share of Hennessy, found in almost every dive bar I've ever been to in China, should enable them to grow. As countries like China's middle-upper class becomes more populated, high-end retail will grow right along with it.
This luxury brand holding company should weather a coming recession fairly well. Most who can afford to purchase these expensive goods (watches, clothing, cosmetics, etc.) will not be significantly affected by a future recession (I.E. the housing bust in the US).
The luxury goods market is particularly "recession proof" and those spending $1000+ for a handbag are likely the same people profiting from the housing market setbacks. The number of millionaires/billionaires is increasing at record pace, and the nouveau riche are ver eager to look the part. I see more jewels to be added to the LVMH crown in the next 3 years.
I expect sales to jump for S/S'08 based on the excellent LV showing in Paris over the weekend. The jump will be driven by the LV accessories produced in collaboration with Richard Prince. The designs have potential to be even bigger than the Murakami designs from a few years ago. The margins are always highest on the accessories so this should mean great things for all of next year.
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