L Brands: Worth It
February 26, 2015 at 14:54 PM EST
Sterne, Agee & Leach’s Ike Boruchow and team explain why L Brands (LB) is expensive but worth it following fourth-quarter results released yesterday: Joel Ryan/Invision/Associated Press L Brands reported better fourth-quarter EPS of $1.89 (versus preannouncement range of $1.78 to $1.80) driven by better gross margin. Margin was remarkably strong in the quarter (up 210 [...]
