Burberry: Progressing, But Turnaround Not Yet Proven

Core Viewpoint - Burberry is described as a "fallen angel" with its stock price halved since its peak in 2023, indicating a significant decline in value [1]. Company Summary - The current share price of Burberry is significantly lower than its peak in 2023, suggesting potential undervaluation [1]. - The investment strategy focuses on identifying undervalued stocks with a favorable risk-reward profile, emphasizing the importance of understanding ownership [1]. Investment Perspective - There is a belief that the best investment ideas are often the simplest, and a contrarian approach may yield better results [1].