Hermès

9122.221 - 9147.123 David Rosenthal

Yeah. Hermes is in danger of being delisted from the stock exchange. Crazy. Now, this is what's so brilliant. You might ask, why does this matter? The family owns 73%. Bernard can't do anything. Price is a function of supply and demand. So as Bernard is shrinking the float of this company, the shares that are available for trade on the public markets, well, what happens to the stock price?