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Estee Lauder: Dividend In Danger, Stock Still Expensive, Avoid
ELEstée Lauder(EL) Seeking Alpha·2024-08-15 07:35

Renphoto/E+ via Getty Images Summary And Key Takeaways Estée Lauder (NYSE:EL) was once a hyped darling of the masses, with its stock trading at lofty valuations. The rise was only short-lived, though, and the fall well deserved, as the business has been suffering for several years now. Despite being down by ~75% from the high, I don't see any reason to rush in. To the contrary, even the dividend is in jeopardy. Why This Beauty Isn't Pretty Anymore - Better Prepare For A Dividend Cut Estée Lauder was founded ...