Hanging On To Coty Inc.
Summary
- Since I last reviewed the stock, Coty has posted earnings which I consider to be quite good. In particular, both revenue and net income are up nicely.
- Additionally, the capital structure has improved dramatically, which strengthens my previous argument about the dividend being reinstated in 2024.
- For those nervous about COTY shares, I would recommend a short put trade. I'm tapped out on my position here, but if I weren't, I'd jump on this trade.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of COTY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I'm short the puts described in this article and the previous one, and I'm long the stock.
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