Some stocks defy conventional
fundamental analysis, and
Tiffany (NYSE:
TIF)
is one of them. Tiffany has one of the most-recognized brands in the
world, a solid history of double-digit returns on capital, and some of
the best per-square-foot metrics in retail. On the other hand, the
company has never been a consistent or impressive free cash flow
generator, and the stock is generally a proxy for the financial health
and spending of the upper class.
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