Focus Stock of the Week (CFRUY)

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Time to Buy World's Third Largest Luxury Goods Maker

The best time to buy luxury goods businesses is during recessions.

The global economy is bouncing back from pandemic weakness and as the economy strengthens consumers start to buy luxury goods once again.

This world class luxury goods company will be greatly benefit from a consumer demand rebound.

Compagnie Financiere Richemont (CFRUY) [commonly seen as Richemont] is the third largest luxury good business in the world. They sell jewelry, watches and other luxury goods to the global elite with 40% of sales in Asia, 30% in Europe and 20% from the Americas.


CFRUY Stock Chart

The companies popular jewelry brands include Van Cleef & Arpels, Buccellati, and Cartier. Their popular watch brands include A Lange & Sohne, Baume & Mercier, IWC Schaffhausen and Piaget.

Diversification across brands has been a key to this companies long term strength.

It is only a matter of time until consumers switch from need based shopping back to shopping for wants. Many believe the pandemic is closer to the end than the start and therefore the recession may already be over.

Now is a great time to buy shares of Richemont before they return to pre-crisis highs. Look into CFRUY today.


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Disclosure: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. The information provided should NOT be considered advice. The topics discussed are risky and have the potential to lose a substantial amount. I am not an investment professional and therefore do not offer individual financial advice. Please do your own research before investing.

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