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Ticket -- in almost 8% after the luxury jeweler cut its full year earnings outlook what our next guest says investors should use the weakness as a buying opportunity brown.
Managing director and senior analyst at Oppenheimer company joins us now.
You know Bryant.
I think value -- look like a kind of a rock and report when he dig into the numbers not a whole heck of a lot of change tacit.
-- that's a good way to look at it that's exactly what I was fine -- Our Oppenheimer clients today is that -- clearly there's some big of summit headlines here with with -- -- cutting its guidance for 2012.
But looking more to report.
-- despite some -- difficult comparisons and and slower sales lately I think overall sales trends continue to hold up reasonably well for Tiffany.
As we look over the other course of 2012 and 2013 I think in private -- get significantly better for the company.
Right -- in the -- worldwide sales now anywhere from 78% vs ten plus they increase their dividend I don't think that's a whole lot to -- You know an -- -- to can you talk about that little they've actually come down a lot.
They get out and that I think that's -- the positives for Tiffany over the next several quarters -- they turned their inventory quite slow.
So what's your take awhile for in the lower gold and platinum prices we've seen lately so -- make their way through the the.
You know one of the things we were talking about earlier is just this this doors are getting a little stale right I mean it used to have its cash say I'm not sure it does anymore.
-- -- -- -- -- -- -- -- No I think that's a good point I think it's very true fit so at the lower end a look at buried there appears no there there more their silver products are -- -- products.
I think they do need to lighten -- -- -- -- now the company is indicated they plan to watch a number of new products here over the course of 2012.
Some to commemorate their 175 anniversary so I think I'm optimistic that these new products -- could help to liven up their stores drive better sales.
You know -- for the longest time this is a group that global company holding on because of the global economy we see the global economy pulling back now.
So as the dollar its biggest competitor right now.
I don't think that's true yet have a strengthening dollar could be -- the margin and negative for Tiffany but I think at this point I I don't think that's a that's a huge problem with the company.
It's -- would you buy yourself right now -- bide your excellent brightening up thank you very much so.
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