eye glasses posts

Feed

Luxottica Group is taking a long look forward

When looking into Luxottica Group (NYSE: LUX) from an investor standpoint, a couple big moves which have recently taken place signal to me that Luxottica is taking a position for the long haul. Luxottica Group may be more well known to you by some of their eye-wear brand-names -- Brooks Brothers, Donna Karan, Prada and Ray-Ban. Luxottica is the world's single largest eye-wear / eye-care firm, marketing thousands of eyeglass designs under at least 25 brand names.

Some of the most significant company movements that grabbed my attention are not to be taken lightly. This is a very well focused company with an aggressive vision for the future. (Puns are included at no extra charge).The single most powerful event I have seen initiated by Luxottica was the November announced acquisition of D.O.C. Optics to include some 100 retail establishments operated by D.O.C. nation wide. The acquisition is expected to be completed in the first quarter of 2007 for an amount of approximately $90 million. As of this writing the deal is passing cleanly through financial processing and regulatory approval.

Continue reading Luxottica Group is taking a long look forward

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 28, 2012: 09:35 AM

Hot Stocks

General Electric

19.20-0.05(-0.26)

Alcoa

8.630.00(0.00)

Apple Inc

562.29-3.03(-0.54)

Google Inc 'A'

591.53-12.13(-2.01)

Bank of America

7.15+0.01(+0.14)

Wal-Mart Stores

65.31+0.24(+0.37)

Exxon Mobil Corp

82.08-0.53(-0.64)

Ford

10.60+0.01(+0.09)

Citigroup

26.47-0.19(-0.71)

IBM

194.30-1.79(-0.91)

Yahoo

15.36+0.01(+0.07)

Starbucks

54.56-0.20(-0.37)

Microsoft

29.06-0.01(-0.03)

Home Depot

49.44-0.27(-0.54)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1338212113457 ms.