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L'Oreal (LRLCY) (LRLCF) is a top-tier company in the cosmetic beauty market and performs well in every area. However, it is also a company that shows you should not pay any price for a stock no matter how good the underlying company is, especially at the valuation that L'Oreal's stock is currently trading at.
The reason why L'Oreal shares have been bid up is due to the unmistakable quality of the underlying company. This French firm is a diversified behemoth which divides its operations into five categories: cosmetics, fragrances, hair care, hair color,