LUXTY - Fielmann AG: Framing The Investment Case
Fielmann AG (OTCPK:OTCPK:FLMNF) (OTC:OTC:FLMNY) is the largest optician in Europe. The Company’s history makes for quite a remarkable tale, and provides a great case study of how business acumen and a socially-responsible approach can complement each other to create a truly formidable enterprise. The Company is the very definition of what a 'quality' franchise is, but that unfortunately doesn't often come cheap. However, after trading in overvalued territory for some years, the stock price has come back down to a fairer level and it is now time to put Fielmann back