One of my favorite large-cap ideas is Luxottica Group (NYSE/LUX). This Italian manufacturer of eye glasses is a proven wealth-creator on the New York Stock Exchange.

For a large-cap company, Luxottica is generating some impressive growth. Recently, the company announced its financial results for the three and nine months ended September 30, 2006.

According to the company, its revenues for the third quarter grew 9.8% to euro 1.12 billion. Net income for the period grew 16.6% to euro 104.13 million.

The company cited that the third quarter was a record for its wholesale operations and its Sunglass Hut retail division experienced a 6% increase in same-store sales.

When I first started writing about this company in February, the stock was trading around $25 per share. It quickly appreciated to $30 per share and then pulled back. Now, its trading around its 52- week high of over $31 per share and is looking good for the future.

I don't often focus on large-cap investment opportunities, but occasionally the fundamentals and individual investment make sense. In this particular case, Luxottica is part of my longstanding eye care investment theme, which I continue to believe makes for an attractive industry group in which to invest.

In 1992, Luxottica split its stock two-for-one. Then in 1998, the company split its stock a whopping five-for-one. More recently, the company split its stock another two-for-one in 2000, and I think it we could see another stock split in the near-future.

If you pull up a ten-year chart on Luxottica, you will see that on a split-adjusted basis, the stock has appreciated from approximately $5 per share in late 1996, to its current level of over $30 per share. This represents an impressive capital gain of some 500% over a ten year period. All this from a well established, mature, large-cap company.

I think this is very impressive. Baring any major shock to the system, the good news is that Luxottica should continue to be a solid wealth creator for many years to come.