todamo/iStock Editorial via Getty Images I wrote about Hermès ( HESAY ) ( HESAF ) previously. At the time, I saw it as a wonderful brand, even a model for luxury brands, carrying fantastic financial performance. Unfortunately, the valuation seemed off at the time, and at $235 per share, I thought it only deserved a Hold rating, and I even added that I would consider it at $190. The gentleman below...
todamo/iStock Editorial via Getty Images I wrote about Hermès ( HESAY ) ( HESAF ) previously. At the time, I saw it as a wonderful brand, even a model for luxury brands, carrying fantastic financial performance. Unfortunately, the valuation seemed off at the time, and at $235 per share, I thought it only deserved a Hold rating, and I even added that I would consider it at $190. The gentleman below made a very important note: Seeking Alpha If you are waiting for a stock of this caliber to trade cheap, you are in for a hard time. And he was right; only two years later has the stock hit the level I had defined, and I must say it was more luck than merit. In my view, the only reason the brand reached this level again is mainly due to an awful macro tape, where the closing of the Strait of Hormuz is akin to a tax on global productivity , which makes Hermès goods relatively less valuable (declining output of the rest of the economy), and the market is just discounting it. But in the end I believe the story is still about manufactured scarcity and the AI productivity boom that ultimately strengthens, not weakens, the Hermès thesis. Recent performance The recent selloff in the stock seems more macro than micro, given that the company has entered 2026 from a strong position. In 2025, the company recorded close to $18 billion in revenue, with an operating margin of 41.75%. It should be noted that this is a very strong combination in any consumer category, let alone a year marked by tariff uncertainty and currency pressure. YCharts The balance sheet is also in great shape with a current ratio of almost 5 and a debt-to-assets ratio below 10%, confirming modest debt usage and plenty of liquidity available for the company. YCharts The leather goods and saddlery are still the most important segment for the company’s business, and they grew at 13.1% in 2025. The cash generation is impressive, with the company recording close to $5 billion in 2025. YCharts This gives the companies m...
Making the most of your Social Security benefits can help ensure your financial comfort in retirement. Many people know that if they want to receive more from the government program, they should consider waiting until age 70 to start benefits and make sure they work at least 35 years. But going beyond the basics could get you more from the program and set you up for an even better retirement. Here...
Making the most of your Social Security benefits can help ensure your financial comfort in retirement. Many people know that if they want to receive more from the government program, they should consider waiting until age 70 to start benefits and make sure they work at least 35 years. But going beyond the basics could get you more from the program and set you up for an even better retirement. Here are three secrets for maximizing Social Security benefits. Image source: Getty Images. Continue reading
The average one-year price target for Mirae Asset Securities Co. (KOSE:006800) has been revised to ₩56,245.80 / share. This is an increase of 20.37% from the prior estimate of ₩46,726.20 dated February 21, 2026. The price target is an average of many targets p
The average one-year price target for Mirae Asset Securities Co. (KOSE:006800) has been revised to ₩56,245.80 / share. This is an increase of 20.37% from the prior estimate of ₩46,726.20 dated February 21, 2026. The price target is an average of many targets p