The French personal care powerhouse is a high-quality, cash-generative business with beautiful long-run growth prospects
L’Oreal (OR:EPA) €361.30 Market cap: €193 billion An 11.5% one-year share price decline at French cosmetics giant L’Oreal (OR:EPA) presents investors with a beautiful opportunity to buy a high-quality global business, with a track record of solid organic growth and smart acquisitions, trading at a substantial valuation discount. A core beauty pick rewarding investors with progressive dividends and share buybacks, L’Oreal faces short-term challenges in China and North America...