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CFR

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Super Contributor
Breakout of rev H and S?
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4 REPLIES 4
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Super Contributor
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Super Contributor
Well I haven't looked at the chart yet but I did read the Weekend FT and the comments on Richmont were interesting. There is no doubt subdued results are expected. 1. Swiss watch production down about 14%. 2. Seems like the watch market for the watch makers as a whole - and CFR of course produces watches in its maisons - BUT watches only contribute about third of their earnings( CARTIER is the big earner- jewelry )- were pulled out of shape by the Chinese bling factor, 3. plus an increase in watch prices of over 50% well above HK inflation ( key outlet in FE ) and 4.Cartier buying back about Eu250m in stock from retailers....( hmmm..) Cartier working on their next big thing... But industry not under threat from Apple - and innovating by producing watches in Stainless steel- as an entry level offering .. So the conclusion is the industry is reinventing itself as we speak - and the next 15 motnhs should evidence a healthier outcome.
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Frequent Contributor
35% With-holding tax on the div?
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Super Contributor
It hasn't broken out, but the pattern is still intact. I still like it.
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