LVMH Moët Hennessy - Louis Vuitton, Société Européenne LVMUY

20 percent overvalued... agreed

This company depends on the extremely wealthy and they aren’t spending right now. The wealthy Chinese have not been traveling or spending for a month and these luxury retailers have been cutting their spending budgets to try and offset the lack of big spender volume. LVMH will miss big on the year over year portion of the next few earnings reports. Best case is it sits in this price range for a couple of years assuming it remains status quo on the number of brands it owns...