The fine watch segment remains one of the hottest segments in retail. Unlike engagement rings and necklaces, watches tend to have the most appeal for both sexes. But there are few ways for investors to play this growth. Most fine watch companies are privately owned or are parts of European luxury goods companies. Luckily for investors, there's Movado Group (MOV).
Our overbearing thesis is that Movado is a niche operator, being a company that's easy to understand, but one that has opportunities to expand internationally and grow its partnerships. Although the dividend is a modest 0.5%, the company paid out $1.25 in special dividends last year, and with over $5.60 in cash per share...
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