Posted on May 3, 2021
We begin with the following mantra –
Remember also to focus equally on the physical and character deficiencies of your customer.
And never forget stock price; buy it, willy-nilly, with all your extra earnings.
If you’re rich, it doesn’t matter how you look.
The stock under consideration today is none other than Estee Lauder (NYSE:EL), makers of lipstick and blush – but with a stock market cap of $115 billion!
Now, we’re not opposed to women dolling up – in fact, we rather enjoy seeing the Mrs. in her haut couture best.
But when the purveyors of powders, polishes and parfums start pretending they’re Microsoft, well… we feel a fella’s gotta put his foot down.
Companies with values that size belong exclusively to the tech realm, in our chauvinistic opinion. And, as you know, eye-shadow and lip-gloss happen to be among the least technical items on sale anywhere.
Have a look now at some fundamental numbers.
When the insiders recognize the stock is starting to behave like TESLA, and they act on it, you know something is up.
With kind regards,
Hugh L. O’Haynew