The last time I wrote about e.l.f. Beauty (NYSE: ELF ) was in October 2023, when the stock was trading near 100.Atthetime,IsawELFMyprimaryareaofconcentrationwillbeonidentifyingcompaniesofexceptionalcaliber,withaprovenabilitytoreinvestcapitalforimpressivereturns.Targetingthosewithamarketcapitalizationoflessthan10 billion, affords ample opportunities for growth. The ideal scenario is for these companies to demonstrate a long-term capability of capital compounding, with ...