Is Samsonite a Bargain for Investors Right Now?
Samsonite International S.A. (SEHK: 1910), the world's largest travel luggage company, is principally engaged in the design, manufacturing, sourcing, and distribution of luggage, business and computer bags, outdoor bags and travel accessories. The group owns brands such as Samsonite, Tumi, American Tourister, Speck, High Sierra, and Hartmann.
Over the past year, Samsonite's share price has retreated after registering a high at HK$26.75 and now stands at HK$17.84 (as at the time of writing). Has the sharp decline in Samsonite's share price made it a bargain at its current price?
To decide, I'll use two metrics; the price-to-earnings (PE) ratio and the dividend yield.
Source Fool.com