My wife keeps bugging me to buy this. She did it again today. LVMH CEO calls 2021 performance 'remarkable' 11:56 LVMUY
Why is this women with no investing experience always right! LVMH reports 2021 revenue of EUR 64.2B, up 44% year-over-year 11:54 LVMUY LVMH Moet Hennessy Louis Vuitton announced revenue of 64.2B euros in 2021, up 44% compared to 2020 and up 20% compared to 2019. Organic revenue growth was 36% compared to 2020 and 14% compared to 2019. "The performance for the year confirms a return to strong growth momentum following the severe disruption to the first half of 2020 resulting from the global pandemic. The Group's organic revenue growth of 22% in the fourth quarter compared to 2019 reflects the accelerated growth of its activities. Fashion & Leather Goods notably reached record levels over the period, recording organic revenue growth of 51% compared to 2019. The United States and Asia rose sharply over the course of the year, while Europe, which is experiencing a gradual recovery, returned to growth in the fourth quarter compared to 2019. Profit from recurring operations stood at EUR 17 151 million for 2021, more than double 2020, and up 49% compared to 2019. Operating margin reached 26.7%, up 8 points compared to 2020 and 5 points compared to 2019. Group share of net profit amounted to EUR 12 036 million, up 156% compared to 2020 and up 68% compared to 2019. Operating free cash flow, which exceeded EUR 13 billion, was more than twice that of both 2020 and 2019," the company said.
Clean Energy price target raised to $27 from $20 at Craig-Hallum 08:33 CLNE Craig-Hallum analyst Eric Stine raised the firm's price target on Clean Energy to $27 from $20 and keeps a Buy rating on the shares after the company held its first ever investor day focused on Renewable Natural Gas, the market opportunity, its overall plans, and the anticipated financial impact as its upstream and downstream plans take hold. The analyst views RNG as a critical solution for the decarbonization of transportation and the obvious choice for fleets to lower emissions and lessen carbon footprints. He believes Clean Energy is an "ideal investment" to capitalize on this multi-decade growth theme, "a view which was not only supported by the investor event but gave it an exclamation point," Stine contends.
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Its a long term hold. It might go lower, just give it a quarter or so. The forward PE is 15, Solid balance sheet, at least from what they put out.* I don't see a better deal in retail. Other than maybe FL, but I like the high end retail sector. I think that's where it's at. Stoney's FND is a dog. $98 today. Forward PE is over 40. P/S is 50% above RH. 2.2 vs 3.3 Azek is $29 now btw. $42----->$29 = a 30% drop. I warned him. MQ is $10.28 $12.99----> $10.28 = another 15% +drop. I liked VICR, but I also warned Stoney it was too expensive. It closed at $82.76. Down over 6% AFRM closed at $51... down 8% on the day. PATH is at $32. ZI is at $46. Those are the two I like. Stoney's Robo is $57. OUCH! I warned him about that one too. Not one for a college fund. $66--->$57 -15% in a few days. They'll bounce. Apple saved the day. As planned. *RH better not be padding the books however. They have a high overhead that's for sure.