My fingers are itching and I would like to $MC (-1.4%) buy more. But somehow I can't see a bottom at the moment. Does anyone have a crystal ball? We have almost reached the tops from the Corona low, the low was €289. Uncertainty and consumer restraint today vs. corona impact? Is that somehow comparable?
P/E ratio, KCV, P/B ratio all at Corona level or below and now 2.9% div yield.
The current decline of LVMH is already different from the pandemic-related crash. While 2020 was a sudden external shock, the current situation is more the result of a gradual weakening of demand and increased uncertainty. In my view, however, LVMH's fundamental strengths remain intact.
The question is when there will be a return to positive global consumer sentiment and stabilization, especially in the Chinese market.
So, buy or wait?
