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
$33.13 |
Change
0.200(0.61%) |
Mkt cap ! $3.608B |
Open | High | Low | Value | Volume |
$32.66 | $33.14 | $32.65 | $1.026M | 31.24K |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 61 | $33.12 |
Sellers (Offers)
Price($) | Vol. | No. |
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$33.14 | 114 | 5 |
View Market Depth
No. | Vol. | Price($) |
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4 | 75 | 33.080 |
2 | 51 | 33.070 |
1 | 25 | 33.060 |
3 | 112 | 33.050 |
4 | 152 | 33.040 |
Price($) | Vol. | No. |
---|---|---|
33.100 | 76 | 4 |
33.110 | 44 | 2 |
33.120 | 122 | 4 |
33.130 | 174 | 5 |
33.140 | 117 | 3 |
Last trade - 12.04pm 30/05/2024 (20 minute delay) ? |
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Last
$33.09 |
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Change
0.200 ( 0.25 %) |
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Open | High | Low | Volume | ||
$32.71 | $33.14 | $32.65 | 6864 | ||
Last updated 12.25pm 30/05/2024 ? |
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