Ulta Beauty: An Excellent Business Still Selling At A Fair Price

Core Insights - Ulta Beauty, Inc. is the largest specialty beauty retailer in the United States, offering a range of products including fragrances, skincare, hair care, and salon services [1] - The company has recently appointed a new CEO, indicating potential strategic changes that may impact its future performance [1] - The focus on value investing highlights the importance of identifying companies with long-term growth potential, particularly those undergoing strategic changes that can correct stock mispricing [1] Company Strategy - The investment approach emphasizes analyzing company strategies and competitive advantages to assess future prospects [1] - Companies undergoing strategic changes are viewed as presenting the highest return potential due to existing misconceptions and uncertainties surrounding their stock [1] Market Position - Ulta Beauty's position as a leading retailer in the beauty sector suggests a strong competitive advantage, which may be leveraged under new leadership [1]