Tiffany & Co. (TIF) Diamond Lawsuit Showcases an Unattractive Stock

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The precedent in the eBay case, and the fact that Costco has never been materially hurt in similar skirmishes over the years, tells me that Tiffany is barking up the wrong tree — and that Tiffany investors are, too. The consumer spending environment is nasty, and that overall climate bodes far better for Costco than for Tiffany. Last but not least, when corporations file lawsuits it can be a sign of overall weakness. Regardless of what goes down with Costco, Tiffany shares simply don’t have much allure right now.

The article Tiffany Diamond Lawsuit Showcases an Unattractive Stock originally appeared on Fool.com and is written by Alyce Lomax.

Alyce Lomax has no position in any stocks mentioned. The Motley Fool recommends American Express, Blue Nile, Costco Wholesale, and eBay. The Motley Fool owns shares of Costco Wholesale, Crocs, and eBay.

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