LVMUY
Luxury goods company LVMH has experienced a 30% drop, reflecting a broader adjustment in the luxury sector.
📉 The company’s high profits in 2021 and 2022 were due to unique circumstances, and the current year is a transition period with slower growth.
⏳ Despite short-term challenges, LVMH remains a leading company with long-term potential, aligning with Warren Buffett’s investment philosophy.
@Artedeinvertir:
“Another example of a great company that is having problems lately is in the luxury sector, with LVMH, which has fallen 30%. It is one of the leading companies listed on the stock exchange, along with Hermes and Kering, which owns Gucci and other brands like Balenciaga and others. Why? Because during 2021, the profits were very high, even in 2022, because people had a lot of disposable income because they had been confined. But now that people can do other types of activities, it has been a year of adjustment, of transition, where the company is not going to grow. But that does not mean that it will be like this for the next 10 or 15 years, and that is where what Warren Buffett explained about the long term comes into play.”
Watch the exact part of the video where Warren Buffett talks about LVMH here:
View the video on YouTube.
Read more articles featuring the most recent analysis of LVMH (LVMUY) at this link: LVMUY stock.
