3 Reasons to Buy Estée Lauder Stock Like There's No Tomorrow

Since hitting an all-time high in 2022, Estée Lauder's (EL -0.51%) stock has basically been crushed. The shares have lost roughly 80% of their value in two years. On top of that, the company just announced a dividend cut of about 47%.There's no doubt that the news is bad today, but for a contrarian investor, this could be the time to start sniffing around at this perfume and makeup giant. Here are three reasons why.1. Estée Lauder is an industry leader in an attractive nicheEstée Lauder doesn't make product ...