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Opinions Lorne Steinberg
KeringPPRUYPAST TOP PICKMar 13, 2023
Lorne SteinbergOwned
N/A
Stock price when the opinion was issued
$31.73
As of Jun 18, 2026. Market Open.
clothing stores
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TOP PICK
Excellent company with Gucci as top brand.
Luxury brand space will see further growth in Asia.
Expecting increased revenue in 2024.
Stan WongOwned
clothing stores
TOP PICK
Spectacular job of turning around tired brands, such as Yves St Laurent. No net debt. Expects double-digit revenue growth. Shares are down because of China locking down, plus unrest in Europe, creating a great opportunity to step in. (Price target in Euros.) Yield is 2.15%. (Analysts’ price target is $77.61)
Lorne SteinbergOwned
clothing stores
PAST TOP PICK
(A Top Pick Jan 30/20, Down 2%) A major brand under them is Gucci. They were surprisingly not hurt last year due to switching to online efficiently. Revenues also held up well since people spent their travel budget into luxury goods. Their strength is picking up tired brands and then rejuvenating them. Great cashflow with a bullet proof balance sheet. They will make more acquisitions of brands that are cheap and invest in them. A cheap grower.
Lorne SteinbergOwned
clothing stores
TOP PICK
The Asian middle class is driving all of this and those numbers are still mushrooming. GUCCI is the fastest growing of all the major brands and is 60% of KER-EPA. It is trading at a much cheaper multiple than other companies with better growth going forward. He expects 35% earnings growth over the next two years.
Lorne SteinbergOwned
clothing stores
China closing up caused a drop in sales but it is re-opening and the Chinese people are huge buyers of luxury goods. It has big growth ahead and lots of free cash flow. It is also very good at turning brands around.