LVMH (Moet Hennessy Louis Vuitton) (LVMUY)

Worries over a weak Chinese (and global) consumer are already reflected in the share price. He owned this a long time ago and he wants to buy it back. LVMH boasts a long track record of stability and growth. Also, their brands command pricing power. Return on capital is a consistent and attractive 15%, and steadier than the luxury sector. They can grow revenues around 9%. and drive 13% EPS growth.

Worries over sluggish Chinese economy. Outperformed the MSCI World Index since 2008, but struggling the last 8-9 months. Middle class wealth will continue to grow over time. Clear leader in luxury market, fine longer term. Bouncing off long-term 200-week MA, a significant technical. Forecasting 13% EPS growth for several years. 

Believes excellent company for long term investor. 10 year total return is ~22% annualized. Luxury sector has consumers weather recessions better than lower end retail outlets. Excellent management teams with strong brand values. 

Global leader in luxury with best portfolio of brands under ownership.
Very resilient business with diversification across business lines.
Fashion and leather goods - engine of profits.
Higher-end consumers not under pressure.
China lifting ban on group travel will also help.

It has been stellar for the last couple of years and he wished he had held it longer. However don't chase it - buy on weakness.

Core holding. One question is the succession. Current CEO is one of the best operators in the market he's ever encountered, would be difficult to replace. Best portfolio of luxury assets. Navigated through Covid. Insane pricing power. Operating margins at record highs. Great execution and brand strength.

World's largest producer and distributor of luxury goods. Diversified businesses. Acquisition strategy working well. Share buybacks. Long term, consumer trend for premium products continues strong. Inelastic demand, no matter the price. Chart is all about higher highs and higher lows. Yield is 1.55%.

Has done incredibly well lately. They have a unique brand, which makes their value. A lot of growth comes from China, so LVMH will continue to do well. They've reduced piracy very well and grow online operations well too.

Still likes it. A market that operates completely differently than everything else. Even when the price goes up, there's still high demand, as customers are insulated from ups and downs of economy. Perceived scarcity is prestige. The best luxury company in the world. Diversified. Great long-term hold.