L Brands: This Re-Opening Play Has Upside, Here's Why

Apr. 11, 2021 10:29 AM ETBath & Body Works, Inc. (BBWI) StockBBWI

Summary

  • L Brands has made an impressive turnaround over the past 12 months, and recently reinstated the dividend.
  • I see the momentum as having traction, as supported by a rosy economic outlook and by changing work styles.
  • I also highlight the valuation, balance sheet, and risks worth considering.
Victoria"s Secret Continues Slide As Third Quarter Sales Decline 7 Percent
Photo by Scott Olson/Getty Images News via Getty Images

“Buy low and sell high” is an overused expression in the world of investment speak. After all, who doesn’t love a good bargain? While this statement sounds simple enough, sometimes it may be prudent to wait for the clouds to clear before buying, even if that

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