As premier jewelery retailer Tiffany (NYSE:TIF)
continues to beat expectations, it's getting harder to argue that the
Street overvalues the company's brand and future cash flows. Not only is
the company outperforming in difficult markets like Europe, but efforts
to improve operating performance seem to already be delivering results.
Factor in an eventual improvement in the Americas and future growth in
businesses like watches, and I can understand why Tiffany is a popular
pick. I'm personally not willing to chase Tiffany up at these levels
(particularly when it seems like 20% to 30% pullbacks are routine), but
it's hard to argue with a company that is performing at a pretty high
level despite what should be a tough global environment.
Please follow the link to continue:
http://www.investopedia.com/stock-analysis/082713/tiffany-continues-execute-higher-level-tif-lvmuy-coh-kors.aspx
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