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MOV - Movado Group: Limited Supply Has Created The Perfect Storm
October, 15 2021 03:25 AM
Movado Group Inc.
We believe that as the top percentile are to continue being wealthy, they will be able to afford more luxury watches. Global watchmakers such as Rolex have begun limiting their manufacturing quantities creating an economics 101 effect on pricing power. MOV is undervalued relative to their peers on a EV to EBITDA, Price to Earnings, and Price to sales basis. For further details see:
Movado Group: Limited Supply Has Created The Perfect Storm
Stock Information
Company Name:
Movado Group Inc.
Stock Symbol:
MOV
Market:
NYSE
Website:
movadogroup.com
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