Brett_Hondow Ulta Beauty (NASDAQ:ULTA) has been one of the worst-performing stocks in the S&P 500 in 2024, as the company continues to lose market share and struggles to improve profitability. And yet, investors and analysts think that Ulta is a clear bargain because it was once a compounder trading at a 30x multiple. Investing isn't that easy, so let's revisit the reasons for Ulta's demise. Only then we can judge if it's, in fact, an attractive buy-the-dip opportunity. Revisiting My Previous Buy & Hold Cha ...