JMP Securities Analysts’ Luxury Retail Recommendations
CEO Blogger (June 3rd, 2008) Writes:
Kristine Koerber, analyst at JMP Securities, recommended the following stocks on May 30 on CNBC:
1. Sotheby’s (BID)
a. global wealth creation is helping company (especially petrodollars)
b. buyers from 58 countries
c. overseas oil buyers investing in art
2. Tiffany (TIF)
a. Strong international sales- 40% of sales are international
b. Tourism in U.S. helping support weaker domestic sales
c. no cracks in international business
d. bottom line is strong
3. Movado (MOV)
a. 40% of sales are overseas
b. global watch market is very healthy
Check out Kristine’s other picks at:
http://www.trackthepros.com/categories.php?category_id=764
Other JMP Securities picks are at:
http://www.trackthepros.com/categories.php?category_id=716


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