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Coty (NYSE:COTY) is down 41% YTD, however, in my personal opinion, we now have an attractive entry point for a long position. Despite the fact that the company operates in the discretionary segment, which suffers more than others from rising
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in COTY over the next 72 hours. 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.
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