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Luxottica Group SpA Message Board

  • maredj2 maredj2 May 31, 2007 12:12 PM Flag

    Goldman ups to buy

    Goldman Sachs: TO FROM
    Essilor Buy (Neutral) EUR99 (EUR83.5)
    HBOS Neutral (Sell) 1195P (1063P)
    Luxottica Buy (Neutral)
    Safilo Neutral (Buy) EUR5.1 (EUR5)

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    • Stock in Luxottica Group (LUX :

      35.60, +0.66, +1.9% ) also ranked high among the day's price performers, with a jump of 3.5% to $34.94.
      The Italian eyewear company's stock was upgraded to buy at Goldman Sachs, which also put the company on its Conviction Buy List. The broker, in a note to clients, said it expects "strong and sustained growth" in the sector supported in part by the aging of the population.

    • Be careful sales have been pretty flat the first quarter.
      On the other hand they have cut payroll to the bone and advertising does not exsist lately in the Sears Brand. So profit will probably stay the same or even up at the expense of the loyal employee, and they will expect that same loyal employee to be at the phone waiting to be called in when advertising happens, in the mean time that same loyal employee worries about having enough hours to keep their health insurance. Of course you say leave the job if your not happy. But what is Lux going to do when they need the extra loyal employee? They might not be around and thats when the profits start to really tumble.

49.49-0.63(-1.26%)Sep 23 4:01 PMEDT