Weekly Wins! A Beautiful Value Trade Meets a Stylish Growth Pick.
Beauty for your face and your wallet this week as we feature trades from Bret Jensen and Paul Price in CMPO and ULTA.
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If you are into beauty and style, we've got you covered. Bret Jensen suggested we buy CompoSecure, the maker of those stylish metal credit cards, while Paul Price channeled his inner Warren Buffett to select beauty retailer, Ulta. Both stocks experienced major glow-ups.
Bret Jensen: Long CMPO
First up is Bret Jensen with a monster winner that shows the value of buying into strength.
Date: March 8th 2024
Trade: Long CompoSecure CMPO
Why: This trade came on the heels of positive earnings and guidance, as well as a $40m stock repurchase plan. The company has also reduced leverage and was trading with a reasonable valuation.
Result: a 96% gain
Read the article here.
Paul Price: Long ULTA
Paul Price went long Ulta Beauty on Tuesday, just days before the stock leaped on news that Warren Buffett had taken a stake in the cosmetics retailer. While Paul's timing may have been lucky, the trade was well researched and ripe for a gain. Paul even bought the stock on a multi-year low.
Date: August 13th 2024
Trade: Long Ulta Beauty ULTA
Why: Strong earnings growth at a bargain basement price. Warren Buffett saw the same thing as Paul.
Result: an 18% pop
Read the article here.