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Movado Group Inc
at 2006-04-04 01:40:35
Cramer asks us, "Why do you want to make money?" to start the show. His reason is so we can show off and capitalize on our own worst in that we want to feel superior to others. This leads to the bling bling in Movado Group Inc (MOV). They make expensive watches that retail from $55 to $18,000. Right now the business is "en fuego." Accessories are hot and they are the only high end company that hasn't moved up as much as they should in the high end market. Movado Group Inc has remarkable execution also with 12 straight quarters on or above estimates. They have made deals with high end boutiques to start distributing more watches by fall also. China also looks to become a player in this market in the future leaving more room to grow. Should investors be concerned over Movado Group Inc's boutiques not being profitable? Cramer thinks that they are just in the investment stage when it comes to these boutiques and in the future they will pay off big.
Who else looks to benefit from China in the future? Home Depot Inc (HD), Timberland Company (TBL), Best Buy Co Inc (BBY), and Starbucks (SBUX).
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