$Estee Lauder (EL.US)$ This thing probably has bottomed. The...
$Estee Lauder (EL.US)$ This thing probably has bottomed. The analysts really suck and are lack of common sense by assuming/imagining some recovery. There is no recovery.
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HelloMooMoo : You mean good buy now?
韭菜变主力 OP HelloMooMoo : Buy at low 60s
韭菜变主力 OP HelloMooMoo : After looking at the earnings reports in recent years, I don’t think it’s a good idea to buy the dip. They have not been making profit in Americas, and the only profit engine of mainland China and Asia travel retail is killed. They are making EPS 0.2-0.35 (non-gaap adjusted) in the upcoming holiday quarter, and it’s more difficult to make profit in ohter quarters. The current market expectation of them making EPS 1.5-2 (with flattish sales in other quarters) in FY 25 appears to be optimistic. It’s likely they will be making EPS ~1.0 in FY 25. Anyway, the EPS is extremely volatile. It’s hard to evaluate the correct share price.
NoFear : Korea skincare and cosmetics has outperformed US skincare over the years. Affordable and good. EL have to come out with a competitive product before stock price can recover. If not it’s just another Nokia, Yahoo, Intel. Long term down trend
HelloMooMoo 韭菜变主力 OP : I see, thanks sharing this!