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Shauna O'Brien Dec 16, 2014
According to the firm’s analyst Jason Gere: “EL offers a “best-in-class” portfolio of beauty / personal care brands that possesses strong strategic alignment and consistently targets / reaches out toward key consumer preferences / purchasing trends. Investors should recognize that FY15 represents a transitional year for EL as the impact of its streamlining initiative, unfavorable FX, and softer Chinese conditions are felt, though we see a strong case for a re-acceleration in top- and bottom-line growth into FY16 based upon the strength of EL’s product portfolio and margin progress, with potential for additional upside as its flexibility to deploy capital (i.e., M&A, share repurchases) is exercised. We believe EL’s growth story is deserving / supportive of its premium valuation.”
|VTSMX||Vanguard Total Stock Market Index||1.02%|
|FNIAX||Fidelity Advisor New Insights||0.96%|
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