LVMUY (LVMH if using the European stock exchange) has gotten killed over the past couple of months, down 30% from it's all time high back in mid July. Fell 11% over the last six trading days after the company's earnings and revenue missed. Personally, a company as big as LVMH still growing top line at 9% despite the enormous luxury spending during covid is impressive. 20 times trailing earnings multiple seems reasonable especially considering how diversified the company is with 75 different companies under ownership in 5 different market sectors. Debt is manageable. Question is if anyone else has considered LVMH for a long position and also what would taxes look like on capital gains and dividends if you're investing from the US.
Thank you,
[link] [comments] https://www.reddit.com/r/stocks/comments/17880yp/thoughts_on_louis_vuitton_moet_hennessy_lvumy/
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