international franchise opportunities
Baby animals are often easier to get closer to. While their parents keep watch the babies are often carefree. If you do not scare them they may wander closer to you especially if you stay as still as possible. Therefore, with the worst looking like it is behind L Brands, I would be backing the CEO, Les Wexner, to get the product assortment right and really double down on China and international franchise opportunities. Wexner has an excellent track record of rewarding shareholders, so I don't think the needle will have to move much for him to continue increasing that dividend meaningfully. I would be using this opportunity (with the shares deeply undervalued under $50) to go long..
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