Spending on Luxury goods continues will decline for years
might take a few years to reach the bottom of the parallel channel. I'm looking for a retest of the .236 fib line... Rising food prices, gas prices, and a steady uptick in inflation will cause Americans and others to spend less. However, I like the company just for the Hennessy aspect. Alcohol is Recession proof. There actually was a shortage here in the USA at one point. I like the company long term, but at a much reduced level