Bargains in Luxury Land?
Are we now at a low point after three years of multiple contraction?
Hi fellow Tortoise!
Welcome to another bi-weekly webinar! In this episode, we’ll discuss the recent volatility and drawdowns in the luxury sector, and explore whether there are buying opportunities available.
It’s important to take a step back and note that top players like Hermès, Ferrari, and Sanlorenzo have outperformed the S&P-500 over the past three years, despite the significant multiple contraction many luxury stocks have experienced since mid-2023. The best companies tend to create their own catalysts, control their own destiny, and maintain disciplined capital management.
Now, let’s dive deeper into the details.
You can find the video and PDF materials below.