The Swatch Group SA (VTX:UHR)

The Swatch Group SA (VTX:UHR)

The Swatch Group SA (VTX:UHR) is an iconic maker of watches--notably the brands Breguet, Harry Winston, Blancpain, Glashuette Original, Jaquet Droz, Leon Hatot, Omega, Longines, Rado, Union Glashuette, Tissot, Balmain, Certina, Hamilton, Calvin Klein watches and jewelry, Swatch, and Flik Flak--and electronic components, including batteries and sports timing equipment. Swatch isn't cheap, but it is very good. It is capable of earning 20 percent on equity with no debt, and can grow its earnings at 7 percent a year, and it is deeply undervalued at 390 Swiss Francs.

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