Earlier this summer the stock was over $500 (which I believe might have been overvalued?) but I have a significant portion of my small portfolio in there. It’s trading just below $400 now and I’m at a small loss for now. Planning to hold until it reaches $470 or so.
Personally, I think beauty and cosmetics stocks will always do well. With the modern social media culture there will always be people shopping at these stores to stay looking and feeling good!
Leave a Reply