Following my coverage on Lumentum Holdings (NASDAQ: LITE ) in Oct 2024, which I recommended a buy rating due to the strong growth potential and positive developments, this post is to provide an update on my thoughts on the business andI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a p ...