Bought some Panerai !!!

[TswaneNguni]

Bought Richemont shares yesterday

Sorry,no picture

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[argee1977]

They've been falling quite rapidly, next year will also be a bad year so i hope they're a long investment!

[Trurolexer]

Good for investment.

[argee1977]

If they gave discounts to shareholders they'd sell rapidly and the share price would go up, heres hoping

[GBJIV]

Nice, which exchange again? Can't remember.

[TswaneNguni]

Originally Posted by gbjiv

nice, which exchange again? Can't remember.

jse

[Randy]

How much per share?

[TswaneNguni]

Originally Posted by Randy

How much per share?

R17.50 (year low:R14.60,year high:R50.20) If it drops further,I'll buy more

[rcarney]

The upswing in Panerai sales is just a temporary trend involving the novelty of larger watch sizes and it seems to already be fading. I'd suggest you sell that stock and any Panerai's you have before this trend runs it course. They may soon go the way of beanie babies, a once valuable "collectible" with great demand which now has no demand and little value.

And most people outgrow their preference for Paerai's because among a refined crowd, they look silly and quite youthful. If you walked into the board room of a major corporation with a Panerai busting out of your suit sleeve, you'd look more like a wanna be gansta then a watch connoisseur.

[TswaneNguni]

Originally Posted by rcarney

The upswing in Panerai sales is just a temporary trend involving the novelty of larger watch sizes and it seems to already be fading. I'd suggest you sell that stock and any Panerai's you have before this trend runs it course. They may soon go the way of beanie babies, a once valuable "collectible" with great demand which now has no demand and little value.

And most people outgrow their preference for Paerai's because among a refined crowd, they look silly and quite youthful. If you walked into the board room of a major corporation with a Panerai busting out of your suit sleeve, you'd look more like a wanna be gansta then a watch connoisseur.

Refined crowd ?? ....... Good for you !!!

Thanks for your suggestion,but I wont follow it.

Already planning our next "Panerai Gangsta GTG "

[moby33]

Originally Posted by rcarney

The upswing in Panerai sales is just a temporary trend involving the novelty of larger watch sizes and it seems to already be fading. I'd suggest you sell that stock and any Panerai's you have before this trend runs it course. They may soon go the way of beanie babies, a once valuable "collectible" with great demand which now has no demand and little value.

And most people outgrow their preference for Paerai's because among a refined crowd, they look silly and quite youthful. If you walked into the board room of a major corporation with a Panerai busting out of your suit sleeve, you'd look more like a wanna be gansta then a watch connoisseur.

I disagree & believe this prediction is a little harsh. While I'm not necessarily a Pan fan, I believe the watch is here to stay & will in fact continue to grow in popularity.

[Timekiller]

Originally Posted by rcarney

The upswing in Panerai sales is just a temporary trend involving the novelty of larger watch sizes and it seems to already be fading. I'd suggest you sell that stock and any Panerai's you have before this trend runs it course. They may soon go the way of beanie babies, a once valuable "collectible" with great demand which now has no demand and little value.

And most people outgrow their preference for Paerai's because among a refined crowd, they look silly and quite youthful. If you walked into the board room of a major corporation with a Panerai busting out of your suit sleeve, you'd look more like a wanna be gansta then a watch connoisseur.

"just a temporary trend involving the novelty of larger watch sizes and it seems to already be fading." If this is in fact reality, why do more and more of the "refined" manufacturers continue to increase the size of their offerings? I see 40mm, 42mm even 44mm watches from most of the venerable Swiss houses.

Perhaps your prediction about Panerai and it's popularity is spot on but don't tie it to the "novelty" of larger watches.

As far as any connection to a fad like Beanie Babies, comparing a $10,000 USD watch to a $12 USD plush toy is just a bit of a stretch don't you think? Discounting the price difference, with production generally agreed to be below 50,000 units per year not any comparison to an item produced in the millions for the masses and given out as premiums by cereal companies.

BTW, if Kellog's starts giving out a Panerai with a box of corn flakes I'm in.

[rcarney]

From an article on the Beanie Baby craze in the U.S. which has now ceased:

Beanie Babies, the floppy toys that inspired aficionados to line up for hours at gift shops inthe late 1990s, are now more likely to be found selling for $2 apiece at flea markets.

And even at that price, the prospect of selling them isn't all that great.

"I hate Beanie Babies," said Ed Miller, a Reading-area man who sells the Ty Inc. plush animals at the Leesport Farmers Market along with sports memorabilia.

"A lot of people are stuck with them, and they paid a lot of money for them," he said.

Former collectors try to unload their old Beanies on him all the time, Miller said.

-end-

Trendy things come and go all the time and these oversized Panerai's are 5 years away from storage along side bell bottom pants from the 1970's. The engineering behind the watches is very solid, it's just a trendy style that is not timeless.

[TswaneNguni]

Originally Posted by rcarney

From an article on the Beanie Baby craze in the U.S. which has now ceased:

Beanie Babies, the floppy toys that inspired aficionados to line up for hours at gift shops inthe late 1990s, are now more likely to be found selling for $2 apiece at flea markets.

And even at that price, the prospect of selling them isn't all that great.

"I hate Beanie Babies," said Ed Miller, a Reading-area man who sells the Ty Inc. plush animals at the Leesport Farmers Market along with sports memorabilia.

"A lot of people are stuck with them, and they paid a lot of money for them," he said.

Former collectors try to unload their old Beanies on him all the time, Miller said.

-end-

Trendy things come and go all the time and these oversized Panerai's are 5 years away from storage along side bell bottom pants from the 1970's. The engineering behind the watches is very solid, it's just a trendy style that is not timeless.

We have had the sub-prime crisis,now we are waiting for the ALT A and ARM crisis to hit.Now thats what you call a bubble bursting !! Actually buying PAMs in April has proved to be a better investment than buying stocks at the time.Weird,but true.

Panerai are limited per defenition.Even in this recessed time we are experiencing.My local ADs are completely sold out and are waiting and struggling to get stock.

Richemont owns Mont Blanc,Panerai,Cartier,IWC,van Arpels and Cleef,large share in Polo/Ralph Lauren etc. They are less dependent on the "credit buyer" than most.They will continue to do well,because simply,they are a well managed company.The same family as Remgro,Reinette,BATS.Unlikely to find them Learjet in the one hand and hat in hand ,in the other ,begging for a bailout from the taxpayer.

Then ,you will find some famous brands,have models that was,is and will never be trendy /collectable or value keepers.Those are the ones that even dealers tell you NOT to buy.

[skeen]

Novelty. Heh. What utter nonsense. If it's not clear to people by now that Panerai is here to stay, then they're deluded.