Patience is rewarded for those who waited through the low 60's of the Lauder sales and the stint into the 50's. With stronger than expected earnings in the summer, it looks like the market is convinced that you posters were right and EL is a winner. Christmas should be a boon this year, and a lot of people are trying to buy that right now. I am not in, have my head in other places, but good to see the supporters being rewarded. EL is a great company and should continue to be popular throughout the Christmas season given the great liklihood of record profits, record earnings, and hence record stock price. Plus, over the last year investors have been valuing EL at a P/E more like 50 to 60, not the 38 is it was this morning, so I would guess that the stock can handle a high P/E...investors will take the premium. If the stock splits it could (for no good reason) lead to better gains.
As for the person who thinks it will hit 40 before 70, you may be close. EL could split soon, sending the price to right around 40.
did pay off. See my message #143 when I said hang on. This company is good for a split at 80. Let's see if I'm right here too. Revlon is in the pitts because of poor management and a bad direction in their marketing. It's the high end or the WalMart end, Revlon is too expensive for the WM end and not prestigious enough for the high end. They need revamping from top to bottom on their marketing strategy.