The Hour Glass

[valuehunter]

For investors interested in this business, it is important to understand the passion and intimate knowledge Michael Tay has for the business. It is also important to understand how retailers work with their suppliers, their relationships and the preference of suppliers in their choice of retailers. Perhaps one can glean some useful insights from an old Sep 2008 article available in THG's website under the press room section.

Given that the luxury watch retail segment is not bullet proof to recession, a strong management with a strong focus on long term planning will ensure that THG will be steered by steady hands in good times and in bad.

Is THG still a good value proposition at current valuation? In my opinion, certainly so. Of course, as a vested party, i may be biased. Let Mr Market be the jury in the long run..