Reports of Tiffany's earnings paints a bad picture. But give credit to the Company's leadership on knowing when to get out on top. They have effectively retired after winning the Super Bowl. Last week they agree to sell themselves to LVMH for $16B in an all cash deal. Tiffany is near the top of their value and the locked it in. Good for them.
For LVMH, don't be surprise they write down their purchase in the future. With Tiffany's P/E ration of 29x earning, are sales going to get better? For Tiffany & Co great when there is a sucker born every minute and congrats to Tiffany for finding that sucker. Well done.