ELF - Estée Lauder: Time For A Turnaround?
2024-06-05 02:43:23 ET
Summary
- Estée Lauder stock lost 40% of its market value in 2023 after a very poor 2022.
- The company's troubles were mostly self-inflicted, and management believes that they are at an inflection point in its recovery.
- Despite the risks, EL's long-term earnings prospects remain unchanged, and the current issues present a buying opportunity.
My original thesis on buying The Estée Lauder Companies ( EL ) was a variant of the dogs of the Dow theory, though they are not one of the 30 stocks in the Dow Jones index. In 2023, Estée Lauder lost 40% of its market value, coming off a poor 2022. That price movement alone is obviously not a reason to buy or sell a company, but it was a filter to assess whether a company's stock might be selling at a discount....
Estée Lauder: Time For A Turnaround?