why I'm buying ULTA stock (cheap!)

Ulta stock is down almost 20% in the past six months while the market is hitting new highs. To me, this presents an opportunity to buy a quality company at a discount.

Ulta is a compounding machine with no interest-bearing debt and over $1 billion per year in free cash flow. The company has historically used this free cash flow to buy back their shares, rewarding shareholders over time. This has led to historically strong returns, something I believe this company will deliver going forward. I used the recent dip as an opportunity to open a position in this resilient consumer-focused company.

00:00 Intro
00:35 Ulta Beauty Stock (ULTA)
01:03 What Does Ulta Do?
01:34 Ulta Free Cash Flow
02:04 Ulta Share Repurchases
03:31 Ulta Balance Sheet
04:01 Ultamate Rewards Program
05:11 Ulta Earnings Growth
05:43 Morningstar Opinion
06:00 Ulta Stock Price
07:34 Conclusion

$ULTA