That's a fair analysis. Priced for perfection and they achieve it most of the time just about sums it all up.
One bit of info I would add is the net stores aren't the same as new stores. On a net store basis the growth has slowed to around 13% at the current run rate. Once inflation and population growth is taken into account, I think LOV will grow topline 15% yoy for the next 5 to 10 years so the current SP will eventually look OK.
If it could grow at these rates into perpetuity (like tech stocks), a PE of 40 will be cheap. However, a day will come when store growth will slow to mid single digits and eventually peak, at which time the market will not award the stock a PE of 40 as it currently does.
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Last
$33.24 |
Change
0.310(0.94%) |
Mkt cap ! $3.646B |
Open | High | Low | Value | Volume |
$32.66 | $33.24 | $32.65 | $3.586M | 108.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 149 | $33.23 |
Sellers (Offers)
Price($) | Vol. | No. |
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$33.25 | 570 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 100 | 33.120 |
2 | 679 | 33.100 |
1 | 572 | 33.090 |
1 | 1107 | 33.060 |
1 | 572 | 33.050 |
Price($) | Vol. | No. |
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33.250 | 570 | 1 |
33.310 | 679 | 2 |
33.320 | 572 | 1 |
33.350 | 1107 | 1 |
33.360 | 572 | 1 |
Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$33.18 |
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Change
0.310 ( 0.53 %) |
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Open | High | Low | Volume | ||
$32.71 | $33.24 | $32.65 | 14061 | ||
Last updated 15.59pm 30/05/2024 ? |
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