The Spirits sector has good structural drivers, and Rémy has some of its best brands. Cyclical fears make the stock a potential bargain.
Isn't it too early to buy this stock? Can't see how cognac does well in a major US recession, and 21x P/E isn't cheap even if earnings are bottoming.
Thanks!
Rémy Cointreau: Top Spirits Franchise, Back to July 2020 Levels
Isn't it too early to buy this stock? Can't see how cognac does well in a major US recession, and 21x P/E isn't cheap even if earnings are bottoming.
Thanks!