Galderma: L’Oreal Doubling Down, Risk–Reward Looks Skewed To The Downside (OTCMKTS:GALDY)

On December 8th, L'Oréal S.A. ( LRLCF ) announced it is raising its stake in Galderma Group AG ( GALDY ) ( GDERF ) from 10% to 20%. We wanted to check the value behind the move. What we have found isThere are many ways sell-side analysts try to find a company’s “fair” value — some useful, others pure illusion. The DCF method is like a massive LEGO set: every tiny assumption has to fit just right, and it opens the door to bias — overconfidence, hindsight, and anchoring. The multiples approach seems easier — ...