Au Revoir Redux? Buy LVMH Moet Hennessy Louis Vuitton As A Weaker Euro Means Stronger Results
- A weaker Euro helped make Q3 look like a blowout quarter - wait for a seasonally strong quarter to show non-Euro strength growth for real fireworks.
- I believe even flat results during the next 4 quarters should lead to all-time high share prices as true revenue growth will allowed to show to public markets.
- LMVHF is priced at a significant discount considering the company grows at an ex. currency impacted 8-10% during seasonally good quarters and 5-7% during seasonally slow quarters.