Posts Tagged ‘ Asia ’

Jim Rogers on Bloomberg News

December 15, 2011
  • Always entertaining whether you believe with Jim’s investment views or not.
  • Jim likes commodities (as always) with sugar being a good place to start (down 60% from the highs)
  • He didn’t mention cotton, which is down about the same amount.
  • Highlight:
    “What was your worst year?”

    “The year I met my first wife.”

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    Richemont Business Booms in Asia – Cartier and Piaget Growing in China

    November 11, 2011



    • Richemont SA (CFR VX) is the second largest maker of luxury goods in the world.
    • The company owns a number of luxury brands including; Cartier, Piaget, IWC, Alfred Dunhill, Van Cleef, Montblanc, Chloe, and many others
    • Richemont reported that first half net income hit plan and boosted sales assumptions for the second half of the year.
    • First half sales growth was up 29% and in the month of October, sales are up 28% – so essentially no slowdown.
    • The Asia-Pacific region was up 48% and distribution expansion related to China is driving growth
    • Cartier and Piaget have been particularly strong brands (from a growth rate standpoint)
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