ESLOF - EssilorLuxottica: Eyewear Oligopoly On Discount

• EssilorLuxottica is down 30% off all-time highs set late last year.
• Following the merger between Essilor and Luxottica in 2018, the company cemented itself as the global eyewear leader.
• I believe by controlling their entire vertical, with strong portfolio brands supported by secular trends, EssilorLuxottica may be a compelling investment.
• Trading at a free cash flow multiple comparable to the depths of 2008, entry into this company could be lucrative.

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