Is Hermes A Buy After The Drop?

yuelan Introduction Hermes' stock is currently in a 20% drawdown and relatively close to the price I started a position at around a year ago. This doesn't automatically make the stock cheap, but I believe it's a good moment to revisit the valuation. First things first, why is the stock down 20% from highs? It's impossible to pinpoint the exact reason, but it might be two-fold: 1. Fears of a global recession: many investors (better said: speculators) have been expecting a recession for a long time, and they ...