Despite logging a loss for the fourth quarter due to some arbitration costs, North American same-store sales for Tiffany (NYSE:TIF) rose by 7% this quarter, suggesting this is one mature retailer that's still delivering solid performance. In this segment from Friday's Investor Beat, host Chris Hill and Motley Fool analyst Jason Moser discuss Tiffany, and the excellent decisions the company has made since 2012, when both the stock and the company were struggling.

Jason names some of the steps Tiffany has taken to set its focus on longer-term expectations that are paying off, but says that, at 22 times the company's full-year estimates, the company looks pricey today. Jason says he'd rather buy into a luxury brand like Tiffany when the market perception of the stock has driven the price down to a lower valuation.