Warren Buffett, the legendary investor and affectionately nicknamed “Oracle of Omaha,” has been known to pick up some epic stock market winners over the years. Whether it's beverage giant Coca-Cola (KO), financial services titan American Express (AXP), or his eminently profitable bet on iPhone maker Apple (AAPL), Buffett has time and again burnished his credentials as the preeminent value investor of our times.
Of course, we don't yet know if Buffett's recent $266 million bet on Ulta Beauty will turn out to be a beauty, or if it will turn out to be more of an ugly duckling in the Berkshire Hathaway (BRK.B) portfolio, like Kraft-Heinz (KHC). Let's see what Ulta has going for it.
