The Hour Glass

[WolfT]

The Hour Glass ($0.83) - Another record price translating To $2.49 before the recent 3 for 1 split, and $4.98 before the 2 for 1 split... Effectively, this is already a five fold investment if one has invested it since 2007 or before. One might have kept missing the boat in a well-managed company if one is taking a trading stance instead of value investing. Crabcrab hv commented on this company many years back but on the way there are many doubtful traders/investors rather than a true value investors Still not convince after so many years? You will understand what I meant if you are truly a "value investor".

Have you bought a watch from THG before?
Do u have an idea who are the main customers from THG?

Fyi,very few locals like myself and my counterpart bought from AD eg, THG,Cortina,sincere unless there are good discount which is rare or the you really have very good relationship with them. The rest are corporate customers and tourist.
I have a few AD friends actually quit due to low sales after China starts to tighten corruption. Now CHF increase by 20%, Who in the right mind would buy a watch now? As for the tourist, my friend and I always wonder why the hell they would buy here when it is cheaper to buy in HK even after the 7% gst, not to say stronger SGD.
Maybe it is the authenticity part which set their mind at ease but that is not a moat for its business.
I am not trying to splash cold water on you. Just trying to tell you the risk of this stock, rich people are also cheapskate, if they can save 1k on a rolex 5k on a PP they would!