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Ulta Beauty Shares Whacked 35%; Stock Looks Cheap

- Formerly high-flying ULTA  stock whacked for 2Q EPS miss, slowing cosmetics growth

- Plunge seems overdone; return to stable growth could push stock 20%+, in our view

- ULTA insiders (with prescient past timing) buying shares during the downdraft

What if the stock market had a rewind button? In other words, what if you had a chance to go back in time and buy the stock of a well-run, consistent growth company at a level once reached before it had a big run up? 

The shares of Ulta Beauty (...

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