Reconsidering One That Got Away

As most experienced investor know, there are stocks that you watch and take a position in and there are the ones that got away. Ulta Salon, Cosmetics & Fragrances (ULTA) is in the latter group for me this year. ULTA climbed from $34 at the start of the year, peaked at $75 and has pulled back recently to the current $65. Looking further back to early 2009, ULTA shares have performed like a champ rising from $4.40 in March 2009, which has allowed the shares to outperform the S&P 500 by more than 1,300% from the March 6, 2009 market bottom.

While I could kick myself for missing this mass-market specialty retailer that qualifies as a cash-strapped consumer play and is capitalizing on the weak commercial real estate market to grow its foot print, the real issue is whether we should be jumping on board the Ulta rocket here and now given the recent insider selling, current valuations and more difficult earnings comparisons ahead....530 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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