For me, quality requires growth and I feel that Ulta is lacking that. Hence for me, I don’t consider it to be quality. However, one can also make money with non-quality companies. Nevertheless, I sold my part a few months ago.
I do not own it. But the question is always, are they in a short-term downturn and can they recover? When assessing the quality, they are not on the same level as a Visa or an Intuit that's for sure.
For me, quality requires growth and I feel that Ulta is lacking that. Hence for me, I don’t consider it to be quality. However, one can also make money with non-quality companies. Nevertheless, I sold my part a few months ago.
I do not own it. But the question is always, are they in a short-term downturn and can they recover? When assessing the quality, they are not on the same level as a Visa or an Intuit that's for sure.