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....
Read the full article on Seeking Alpha
For further details see:
Kering: A 'Buy' Rating After The Dip