Avon Products: Lots More Lipstick Needed
By Wexboy:Avon Products (AVP) has high quality beauty products, a long/distinguished history and a premier reputation in direct sales. It offers its 6.4 million direct sales reps. ('Avon ladies') a compelling income/empowerment opportunity, while offering investors attractive global/emerging markets exposure (83% non-U.S. revenues) Sounds like the start of an interesting investment write-up?! But what on earth's happened to Avon in the past several years? Good God, it's like hearing your dear old maiden aunt's been violated by Somalian pirates ... ! Yes, Avon has obvious potential. But every quarter/year, investors are greeted with more struggling results & restructuring, and the promise of better things to come. Yes, on occasion, I've almost got excited enough to invest but, like most investors, I've seen more new dawns here than a Cartagena hooker ... There's a great Avon article just out in Fortune, packed with gossip. Andrea Jung, the (now ex-) CEO, is chargedComplete Story »
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