The Estée Lauder Companies (NYSE: EL) stock reached a fresh five-year low on Nov. 2 after slashing its fiscal 2024 guidance. And even after recovering some of those losses on Friday, the stock is down a staggering 55.3% year to date.

Here's how Estée Lauder went from a growth story to a massive disappointment, and why now could be a great time for long-term investors to step in and buy the cosmetic stock.

Image source: Getty Images.

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Source Fool.com