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Is Coty Inc. (COTY) A Good Stock To Buy Now?

Is COTY a good stock to buy? We came across a bullish thesis on Coty Inc. on r/ValueInvesting by Independent-Fragrant. In this article, we will summarize the bulls’ thesis on COTY. Coty Inc.'s share was trading at $1.96 as of June 23rd. COTY’s trailing and forward P/E were 104.33 and 5.97 respectively according to Yahoo Finance.

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Coty Inc. is a $5.8B global fragrance and beauty company that appears positioned for a significant re-rating as operational discipline,...