Shares of Tiffany & Co. have fallen roughly 20% since last summer, in contrast to most luxury retailers due to macro concerns, reduced guidance and disappointing holiday sales.
A Barron’s article published over the weekend says the company “still has plenty of polish.” The article notes that the company’s recent stumbles are the result of a bad bonus season on Wall Street and aggressive promotions by other jewellery chains as opposed to a fundamental issue. If the U.S. economy improves and Tiffany continues its store expansion,
Domestically, management hopes to see its store count rise to 150 stores from its current level of 87.An analyst interviewed for the article said, “If you look around the world, the environment is getting better for Tiffany.
Compared with six months ago, the world’s economies, by almost every measure, have gotten stronger and that bodes well for consumer spending.” He goes on to point to a strong correlation between the performance of the S&P 500 and Tiffany shares, which he expects to continue in 2012.
P.S. Please feel free to forward this along to friends, family, co-workers, or anyone else you think might be interested in this market letter ( http://www.amp2012.com)
Rule 1 Invest In Yourself
The E-book Apprentice Millionaire Portfolio is available on amazon.com
For the print edition AVAILABLE NOW – 500 pages soft cover
Stock Market Magic: Building Your Apprentice Millionaire Portfolio 2012
Send your check or money order for $ 28.75 payable to Jack A. Bass to:
Jack A. Bass
92-6887 Sheffield Way
Chilliwack, British Columbia
Canada V2R 5V5
Please Allow 3-4 weeks for delivery
New videos :
Reply to firstname.lastname@example.org