Thanks for the info.:)
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Warren Buffett said at the Birkshire Hathaway annual meeting the other day that jewelry businesses are usually terrible businesses but post covid they have all made super profits because of all the stimulus. People had so much money that they didnt know what to do with it.. jewelry business didnt even need to run sales and inventory days reduced massively because people were walking in, buying and walking out.
Obviously he's not including our MHJ in this generalization. Right?
Special DIV on this is a must.
Nope.
MHJ revenue was higher pre-pandemic (18 & 19) than in either of the pandemic impacted completed financial years (20 & 21).
Australia, New Zealand & Canada did not have any helicopter payments to consumers (only support payments in form of wage subsidies, and extended/upgraded unemployment benefits to those that lost their jobs). Meanwhile in the USA everybody received stimulus checks and there was also a massive amount extra given in the form of child tax credits (now finished).
So while Buffett was no doubt correct about USA jewelry chains, it did not apply to MHJ at all.
Maybe a case of once being a market pariah always a market pariah ....unloved and unwanted
Just give us a 30 cent dividend and be done with it
just have to wait for the next results the markets in a funk and it wont change any time soon..
turning out that shares are more STABLE than crypto.
real companies behind shares..
share needs to test underlying channel of 100 but needs a final sell off on the global markets.
cant see it though as investors will be buying at or near the 100 mark as stated by RAWZ.
"eps of $0.38 "
that would be AMAZING!