Richemont>/b> also up strongly yesterday, there was a Barron's article, pretty flimsy really as Paul put it, that suggests that the price of Richemont could rally 50 percent. Yes, they have clever and illusive management, as the article points out. If you have access to the WSJ or Barron's login and check out the article - Pricey Goods, Cheap Stock.
If you can read it, and you do have access, then let me know what you think. If not, then go and have a look at Reuters take on it - Richemont shares could rally by 50 pct - Barron's. Shares could rally because people are worried about a recovery in the luxury goods market. Hmmm... without being smug, I am sure that we said this last year.