EssilorLuxottica stock is clearing high volume, at 5Y lows (2.0x1Y ADTV): - One of its kind vertically integrated business model spanning from lens and frame manufacturing to retail - integration allows for control over the entire value chain, enhancing efficiency and market trend control - at the forefront of smart eyewear innovation and exploring advancements like the $META Ray-Ban Display and Nuance Audio glasses, expanding the smart eyewear category - smart eyewear initiatives, including diversified functionalities like visual displays and hearing aids, are part of growth strategy - retail network includes approximately 18,000 stores, unprecedented distribution as the world accelerates into eyewear 2.0 - sellside has done the sneaky: followed stock price lower by revising down target prices, without changing estimates - Share prie has been closely correlated to $META, but a wide divergence has opened up - Register is shifting hands, at 5Yr lows. There seems to be good holding power here, including the Del Vecchio Family who've been adding.