Advertisement
Investors should look to discount over high-end retailers
Cheap goods, expensive stocks. And vice versa. A Louis Vuitton bag says wealth, but discount retailers are the ones delivering it to investors. Maybe it’s time to switch places? The S&P Global Luxury index, which is comprised of 80 of the largest luxury companies, currently sports a price-to-book ratio of 2.49—its lowest level in three years. Compare that to Dollarama and Dollar General, whose book values are more than 600% and 25%, respectively, above their historical averages. Luxury is starting to look more the bargain.
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Nvidia doubles revenue in one year, Canadian inflation moves in the wrong direction, Target misses badly, Walmart beats earnings...
Here’s how to get your free ticket to attend the MoneyShow virtual expo.
Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips.
Nvidia is Wall Street’s most valuable company. How it got there, by the numbers.
The Trump effect and Trumponomics, Shopify’s huge earnings beat, it’s sunny days for Suncor shareholders and more.
The oilsands giant will return all excess cash to shareholders after hitting debt target early.
You started investing in your 20s, and you feel pretty good about doing it. But now what? Consider impact...
Shopify reports third-quarter net income of USD$828 million, and its executives aren’t concerned about how Trump’s election win will...
The U.S. election made the market go up—for now. Is volatility keeping you up at night? Here are some...
