Barrons reckons the stock in the Swiss holding company that owns venerable English shotgun maker Purdey is set to double. “Geneva-based Compagnie Financière Richemont (ticker: CFR.Switzerland) is a major player in the global luxury business and, like its two bigger European peers — LVMH Moët Hennessy Louis Vuitton (LVMH.France) and PPR (PP.France) — it suffered deeply in the global economic slump. Now, however, the luxury sector is coming back, and the anticipation already has boosted Richemont’s stock from about 14 Swiss francs a year ago.” My ticker symbol for this story: WTF. I reckon someone is trying to kite this stock, big time. A week ago, The Sunday Times was telling readers to invest £100,000 in a Purdey. Truth be told, Hulk Hogan has a better chance of a comeback in the next year than the luxury sector.
