deep drawdown and low multiple attract entry
I'm likely to start a new position in Bath & Body Works at current ~$17 levels because the simple, high‑margin personal‑care retail model looks compelling after a ~64% five‑year drop and a low forward multiple.
After a ~64% five-year decline, Bath & Body Works at ~$17 offers a low forward multiple on a high-margin personal-care retail model, prompting a new position initiation based on contrarian valuation appeal.