Brett_Hondow Investment Thesis After a nearly 30% drop, Ulta (NASDAQ:ULTA) is trading at 15 times earnings. This may not seem like a bargain to some of you, but considering the quality of the business and the opportunity for expansion in Mexico, which will begin next 2025 and would be arriving just after growth appears to be slowing, I think it is an investment option that should be taken into account. Outstanding Business Ulta operates beauty and personal care products stores. In their stores they sell bea ...