MONRY - Moncler: Good Prospects Solid Numbers And Great Price (Upgrade)
2024-06-14 07:40:10 ET
Summary
- Moncler reported good Q1 2024 results and it is set to continue on this trend also for the remaining part of the year.
- The company's dividends grow at a good pace and are safe.
- The company can grow at a faster pace than the fashion industry by establishing its presence in new European countries and by internalizing its website.
- Stone Island's shift toward a direct-to-consumer approach will allow the company to enhance its profitability.
- The stocks are trading at a fair price, and I see it as a good "buy" opportunity.
Moncler (MONRF), (MONRY) is one of my favorite stocks in my portfolio and the reason is simple: it can grow its bottom line at a faster pace than its revenues, its performance outpaces its competitors, and it has a strong balance sheet and good prospects. After a 10%-ish drop from its recent peak at $75.71 per share, the valuation is again compelling, and I upgraded the stock from hold to buy. The current stock price represents a good opportunity to begin accumulating in this fantastic Italian company....
Moncler: Good Prospects, Solid Numbers, And Great Price (Upgrade)