Planning to start buying into $HESAY because my tech-heavy portfolio needs a babysitter that actually makes a profit. If I'm feeling spicy might even buy some LEAPs.
I’ve been holding $RACE (Ferrari) for a few months and watching it slowly go up. Naturally, my smooth brain started looking for other European luxury monopolies to buy into.
Usually, this stock is completely untouchable because euro-snobs price it at astronomical multiples. But thanks to the entire European luxury sector throwing a temper tantrum over Chinese consumer spending, $HESAY actually caught a stray and sold off.
The Math (For those who can read):
- 10-Year Median P/E: \~49.2x (this thing usually trades at 50x–60x+ when market is horny)
- Trailing P/E (TTM): \~31.3x
- Forward P/E (NTM): \~26.8x
The last time $HESAY was sitting at a \~31x trailing P/E was 11 years ago in 2015/2016. Even during the March 2020 COVID crash and the 2022 rate hike apocalypse, it barely flinched compared to this.
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