The Hour Glass started in 1979 as a luxury watch retailer with 1 store and 8 staffs, currently they have 28 stores and over 430 retail staffs. An amazing growth story!


Over the last 5 years their stock price has been only moving upwards as shareholders doubled their money. Today I shall try to ask myself this question, is the hour glass still a buy at the current 8 times earnings and 3% dividend yield?



From 2009 to 2012 we saw a steady growth in revenues and earnings, however in 2013 it seems like they hit a wall as both revenues and earnings came in flat. The main reason for this is the slow down in consumer spending in luxury products. With lower growth coming in from our local economy as well as in China, consumers are taking a more cautious stance. Our local government has also rolled our certain ......