Coty beauty is down 60% since covid. Coty has had a series of overpaying for acquisitions and has gone through a vast amount of ceos. With debt of 13.98 B and a debt to equity ratio of 1.62. Obviously Coty is a flawed company but they still do have lots of value. COTY was consistently paying down debt before COVID. Coty is the number one fragerence retailer globally with fragerence brands that include but are not limited to gucci, calvin klein, balenciaga, lacoste, hugo boss, tiffany and co, etc. They have so many more fragrance brands to. They own 51% of Kylie Jenners beauty brand and 20% of kim ks beauty. They own covergirl and many other brands. They beat earnings just recently and there revenue overall has been on incline. I believe coty is flawed with the help of the new ceo come out on top. I think coty is a good stock for value investors. Thoughts?
Submitted November 15, 2020 at 08:05PM by guy90229 https://ift.tt/3f4tvwP
