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The Swiss food group Nestlé is reducing its stake in L'Oréal and selling back shares worth almost 9 billion euros to the French cosmetics manufacturer.
ELF price to sales 8.1
EL price to sales 8.05
LRCLF price to sales 7.4
COTY price to sales 1.6
Therein lies the opportunity. Price discovery will happen !
CONCLUSION: BUY COTY ITS CHEAP (especially in this market)