Ulta Salon: Ignore This ‘Hang Up and Buy the Best Retailer in the Business’
December 02, 2016 at 12:04 PM EST
Ulta Salon Cosmetics & Fragrance ( ULTA ) blew away earnings forecasts and raised its guidance last night...and its shares have fallen nearly 1%. What's wrong? I'd guess Ulta's valuation, which Instinet's Simeon Siegel and team, by the way, recommend ignoring. They explain why:
