ESLOY - EssilorLuxottica Looks To Increase Cash Flows Through Synergies
EssilorLuxottica (OTCPK:ESLOF, OTCPK:ESLOY) is the largest eye care company in the world. The merger of the two giants should add several hundred million euros to operating income and fee cash flow in a few years. The stock isn’t cheap but the aging population needing eye care and portfolio of strong brand names should bode well for investors.
From the company's website
The stock trades for €108.50, there are 435 million shares, and the market cap is €47.2 billion. Earnings were €4.08 and the price to earnings ratio is 26.6. The dividend is