2013年11月7日星期四

broader French equity market

you for saying my blog is beautiful! Getting out of the office and simply walking around my neighborhood can be inspiring. I have several quirky stores I like to visit in Los Angeles such as flower shops, studio rental stores and interior design studios that inspire me.atement, and taking the company's €7.90 in EPS for fiscal 2013, Dior Couture's core EPS stood at €0.16 for fiscal 2013 (taking the same ratio and applying it to the €9.76 consensus EPS estimate for Dior's fiscal 2014 its creation of avoidable suffering. The bottom half of the world's people survive on barely 1 per cent of the world's wealth; the top 10 per cent hold 86 per cent of all assets. Net Gucci 2012assets of $US4000 put a person in the better-off half. Just $US10,000 qualifies for the top third. Average Australian wealth per adult is 40 times that amount.

 Half our adult population is worth more than $US219,500, the highest median wealth in the world. The benefits of such wealth are intergenerational. The Credit Suisse report finds ''across generations, the latest evidence points to more persistence'' among the nations and individuals who have it. People who discount inherited advantage need to consider this finding: ''Our analysis suggests that 10 generations or more have to laps core Dior Couture EPS of €0.20). Applying Dior's own overall forward P/E multiple for fiscal 2014 of 14.77 (based on its October 21 closing price) yields a value of €2.95 per share for the core Dior Couture business.

 We also note that Dior itself trades at a sizeable Louis Vuitton atheiadiscount to the broader French equity market; based on its trailing earnings, Dior trades at a P/E multiple of 18.25x, versus over 25x for the CAC-40, and almost 23x for the MSCI France Index. Were Dior Couture's estimated earnings given the same multiple as the leading French indices, the businesses' value wo Who would your dream guest blogger be? I would love to have Bill Cunningham do a trend piece for my blog. He's absolutely adorable and sharp as a whip when it comes to having an eye for trends. The best in the industry!

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