L’Oreal Q4: Fundamentals Remain Intact, Reiterate Long

News Snapshot:

Gary Coronado/Los Angeles Times via Getty Images Summary Following my coverage of L'Oreal (OTCPK:LRLCF) last October, for which I recommended a buy rating as the business continued to grow robustly across its product range and operating regions, this post is to provide an update on my thoughts on the business and stock. I believe my buy rating reiteration was the right decision as the share price rallied strongly all the way up to ~EUR460, which was very near my price target of EUR468. Now that the share price has come down, I believe this is another chance to invest in...