PPRUF - Kering: A 'Buy' Rating After The Dip

2024-03-26 03:08:00 ET

Summary

• Kering, a French luxury company, offers a significant upside of 40-50% and has a dividend yield of 3.5%+.
• Kering owns six luxury brands, including Gucci, which represents over 50% of the company's revenues and over 70% of earnings.
• The company's valuation is attractive, trading close to a P/E of 15, and has an annualized upside of at least 15-20% per year.

Dear subscribers,

I've been covering luxury companies, specifically Louis Vuitton ( OTCPK:LVMUY ) for some time. However, my upside in LVMH is realized for the time being and I do not view the French giant as a company in any attractive sort of valuation position.

It's very different from another luxury company - namely Kering ( OTCPK:PPRUF ). In this article, I will offer you my first official coverage of Kering SA and explain to you why I during last week bought my first position in the company....

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