Estée Lauder: Greater Operational Achievements, Yet Shares' Prospects Are Less Than Beautiful
The Value Investor • Tue, Aug. 19
- Estee Lauder posted great fourth-quarter headline results, which came in above estimates.
- This should be discounted to some extent, as accelerated orders are "borrowed" from the upcoming first quarter.
- Despite the great track record and good growth prospects, a 25x earnings valuation leaves little appeal in my eyes.