Laurent Perrier - Trading at below book value!
Laurent Perrier has published TODAY interim results. Trading at below book value while sales are increasing YoY!
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As mentioned in my champagne supernova post, I have build up recently a good position around 91-92 euros on Laurent Perrier as Champagne is the only brightspot in the spirits LALA LAND. The family Nonancourt owns 65% of the company. A widow, Marie-Louise de Nonancourt bought the estate at the start of the WWII. First Eagle, another long term investor has 10% of the stocks. We are in good company. They won’t do anything stupid to impress the shareholders.
Today, November 29th, Laurent Perrier has published first half results (April to September) and as expected, …