Author Topic: CPH:PNDORA - PANDORA A/S  (Read 2258 times)

whiterose

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CPH:PNDORA - PANDORA A/S
« on: August 07, 2018, 03:52:12 AM »
Pandora A/S (often styled PANDORA) is an international Danish jewellery manufacturer and retailer.
Pandora is known for its customizable charm bracelets, designer rings, necklaces.
The company has a production site in Thailand and markets its products in more than 100 countries on 6 continents with more than 7,700 points of sale.

The share price development looks ugly, they guided down today, price dropped again 20%.
Fundamentally it's looks really cheap.
Large FCF, growth is slowing.
A good sized share buyback is in place (although you can argue too early)
Dividend yield is now at 10%
Some Analysts are questioning the management quality.
Float Short% about 8%

https://www.bloomberg.com/news/articles/2018-08-06/pandora-slashes-forecast-as-jewelry-maker-s-misery-grows-deeper

Looks like it could be of value to a strategic buyer or even a PE-firm (taken private?)

What do you guys think?


petec

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Re: CPH:PNDORA - PANDORA A/S
« Reply #1 on: August 07, 2018, 05:33:26 AM »
What do you think is the fundamental threat here? High ROIC stocks don't trade on 6x unless the market fears they face an existential threat. What is it?

John Hjorth

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Re: CPH:PNDORA - PANDORA A/S
« Reply #2 on: August 07, 2018, 05:47:08 AM »
Such a piece of crap, living on a lie, just hot air all over, basically selling crap produced [cheap] in Asia as socalled jewelry.

My brother has a small position in his portfolio that I manage.

I was shocked years back when my brother told me, that he had bought it.

I discussed it with him as late as last week, because I basically want to get rid of it. We decided to give it one year, and then it will be gone, because it looked reasonable cheap last week.

If I ever came home with such a bracelet as a gift to the Lady of the House, I think, there would be two possible outcomes:

1. She would slap me [,which she never has done],
or
2. She would look me in the eyes, asking: "Have you cheated on me?"

- - - o 0 o - - -

Doubled down at DKK 334.70 in the market panick today. It will still be gone in a year from now.
« Last Edit: August 07, 2018, 06:00:20 AM by John Hjorth »
”In the race of excellence … there is no finish line.”
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petec

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Re: CPH:PNDORA - PANDORA A/S
« Reply #3 on: August 07, 2018, 06:07:13 AM »
Surely if you cheated on her you'd at least get her something decent? ;)

hell0dude

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Re: CPH:PNDORA - PANDORA A/S
« Reply #4 on: August 07, 2018, 06:23:14 AM »
Surely if you cheated on her you'd at least get her something decent? ;)

 ;D ;D this is hilarious

John Hjorth

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Re: CPH:PNDORA - PANDORA A/S
« Reply #5 on: August 07, 2018, 06:33:37 AM »
[ : - D ] - I think I would probably be in severe problems no matter what, if I bought some low end Pandora stuff or high end Pandora stuff to her ... [<- that looks like a pretty evasive reply to me ..., arhh - I'll just post it anyway [ : - ) ]

- The trick is to be observant when women look at bling!
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

petec

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Re: CPH:PNDORA - PANDORA A/S
« Reply #6 on: August 07, 2018, 06:45:59 AM »
- The trick is to be observant when women look at bling!

I haven't got the f**king patience! Easier not to cheat ;)

John Hjorth

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”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

Spekulatius

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Re: CPH:PNDORA - PANDORA A/S
« Reply #8 on: August 07, 2018, 07:27:10 AM »
Such a piece of crap, living on a lie, just hot air all over, basically selling crap produced [cheap] in Asia as socalled jewelry.

My brother has a small position in his portfolio that I manage.

I was shocked years back when my brother told me, that he had bought it.

I discussed it with him as late as last week, because I basically want to get rid of it. We decided to give it one year, and then it will be gone, because it looked reasonable cheap last week.

If I ever came home with such a bracelet as a gift to the Lady of the House, I think, there would be two possible outcomes:

1. She would slap me [,which she never has done],
or
2. She would look me in the eyes, asking: "Have you cheated on me?"

- - - o 0 o - - -

Doubled down at DKK 334.70 in the market panick today. It will still be gone in a year from now.

Doubling down on a POS in my opinion is not a good strategy. I double down too, if I like the company, but if I go wrong with a trading sardine, I think it is better to just take the loss and get out.
To be a realist, one has to believe in miracles.

petec

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Re: CPH:PNDORA - PANDORA A/S
« Reply #9 on: August 07, 2018, 07:39:56 AM »