Movado Group Inc. (MOV) Excels in its Business Niche
A niche allows strong business focus. Brands are difficult to duplicate. They represent key assets that do not appear on balance sheets. Longstanding, top niche brands therefore protect stock owners with exceptional though subtle values. They offer sound slots for capital faced by uncertainty. The Jewelry & Silverware Industry is fortunate to be relatively immune to fluctuations in demand. This isolation is not generic, but depends on strong and consistent branding. Certain demographic segments will invest in and gift top brands even though general economic conditions may be depressed. Wrist watches are especially durable in this respect. This company has…