I bought Luxottica (LUX) to take advantage of low Euro May 31, 2010Posted by deminvest in European Stocks, LUX, Luxottica, stock I own, stocks.
Tags: Euro, glasses, Italian stocks, lens, Okley, Rayba, sunglasses
Luxottica is World’s top eyeglasses producer. It is Italian and will enjoy great advantages as the EURO goes down. A large share of LUX’s revenues are in USD, most of its expenses are EURO.
Brands owned by Luxottica: Ray-Ban, Oakley, Persol, Oliver Peoples, Vogue Eyewear, Arnette, Revo, Luxottica, Sferoflex, Killer Loop, Mosley Tribes, and Eye Safety Systems
Designer lines made by Luxottica: Chanel, Prada, Miu Miu, Dolce & Gabbana, D&G, Bvlgari, Tiffany & Co., Versace, Versus, Salvatore Ferragamo, Burberry, Polo Ralph Lauren, Donna Karan, DKNY, Brooks Brothers, Paul Smith Spectacles, and Anne Klein.
Luxottica’s numbers are OK:
There is growth compared to last year’s global disasters.
LUX is a bit expensive at current P/E around 28, but forecasted P/E under 18 for next year looks more reasonable.
Dividend Yield seems to be around 2%, but as oten happens, Yahoo finanace and Google finanance don’t seen to agree on that number: