Putting lipstick on a pig
Is it time to go long The Estée Lauder Companies after a 70% pullback
In 2020 and 2021 there was a stock that all compounder bros loved. A stock that never stopped going up and traded as high as 50x expected forward NTM earnings, even after running up more than 100% in 18 months. That stock? The Estée Lauder Companies (symbol: EL).
The hype for EL was unescapable and peaked in early 2022 just before Q4 2021 earnings. …
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