Simon’s Weekly Wrap: The Diminishing Glow of Estée Lauder’s Stock
Estée Lauder was a popular stock during the post-pandemic surge, hitting new highs. Unfortunately, its share price has recently dropped by about 80%. I discussed the situation with Tasneem Samodien from Old Mutual Private Wealth to explore the reasons behind this decline. Essentially, the management struggled with innovation in retail strategies, made several poor acquisitions, and faced debt downgrades. The new leadership now has the challenging task of rebuilding the brand’s quality reputation, which will require time.
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Linked Investment Service Providers (LISPs) are crucial in South African investing, and King Alexander Investments has launched a new pricing model. I spoke with CEO David Lloyd about their flat platform fee, which replaces the traditional percentage-based approach, allowing investors to save significantly on fees. Additionally, they offer several other benefits aimed at improving investor returns.
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At the Berkshire Hathaway AGM last Saturday, Warren Buffett announced his retirement as CEO after sixty years of leadership. I spoke with Anchor Capital CEO Peter Armitage about Buffett’s lasting legacy, the lessons private investors can glean from his experience, and how to incorporate his investment philosophy into our portfolios.
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PGM prices are still facing difficulties, and I spoke with Jaco Prinsloo, CEO of AIM-listed Sylvania Platinum, regarding their recent results and expansion into chrome. Their chrome plant is a joint venture set to commence operations this month, contributing vital revenue. The company is also well-capitalized and debt-free, which is particularly important during the current PGM cycle.
You can also listen to this podcast on iono.fm here.