3 Reasons to Buy Hermès International, and 1 to Sell
Hermès International's (OTC: HESAY) stock shed about 40% of its market value this year as inflation, rising interest rates, and other macro headwinds drove investors from growth stocks toward value stocks.
However, the French luxury house's stock has still more than doubled over the past five years. It has also withstood several recessions since its public debut in 1993, and it remains one of the world's best-known luxury brands. Let's review three reasons to buy Hermès -- and one reason to sell it -- to see if it's a worthwhile investment in this turbulent market.
A Hermès scarf. Image source: Hermès International.
Source Fool.com
