The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith discusses topics across the investing world.

In today's edition, Austin tries to answer the question, is Elizabeth Arden a buy today? The company seems expensive by traditional metrics, but there is some justification for the premium. Their third-party relationships with other larger companies allow them to realize some stable, predictable returns.

Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Wal-Mart Stores. Motley Fool newsletter services recommend The Procter & Gamble Company and Wal-Mart Stores. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.