I need to start the Christmas list. Great post and even greater disclaimer at the top. Your firm’s legal and compliance department would be proud.
Yeah. Christopher Ward is an anomaly. Formex is interesting. In 2017, the company moved to online sales only and cut prices by half. The CEO recently discussed expanding its dealer network and the margin challenges. It may be too late. Oris is puzzling. Big marketing budget, moving up in price dramatically with fewer offerings than 10 years ago. Tough sledding ahead.
We’re witnessing a slow-motion car crash. Currency and interest rate hedging can only do so much to stem the systemic pain for the Swiss giants. I’m more interested in the collateral damage. Small independents and micros have ridden their coattails a bit. I’d like to see a price correction at that level.
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