VSCO - Bath & Body Works: Starting On A Solid Foot

• Bath & Body Works is the surviving entity from former parent company L Brands.
• The pure play is a great merchandise with a solid track record and still good potential.
• Current valuations look quite reasonable, even as some uncertainty remains following the spin-off from Victoria's Secret.
• At these levels, I see long-term appeal as shares trade at a small discount to the market, while the underlying business is solid.

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