I opened position in L'oreal (LRLCY.PK) today. Two reasons: I wanted into cosmetics and I wanted into Europe. L'oreal is one of the best (some think the best) cosmetics company in the world, and it doesn't have much pharma exposure, unlike many other cosmetics. Today's panic looked like a good time to start a position. As usual, I might be wrong...
Disclosure: I am long LRLCY.PK.
Additional disclosure: Positions can change any time
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