Forbes Believes In Avon

  |   10 November, 2014   |   656   |   3980

Jack Adamo, writer for Forbes.com has a positive outlook for Avon, as shared in an articles today:



There are few stocks that the market thinks is uglier right now than Avon Products . But this unloved company could turn into a beautiful swan in the next couple of years, and its transformation could start showing up much sooner.



Avon’s third quarter earnings report was very encouraging in some aspects, but left a lot of questions unanswered. While revenues were down 8%, that was entirely due to the change in exchange rates caused by the very strong U.S. dollar. The company has a large South American presence. While that’s still not good news, it is at least not indicative of operational or marketing problems, though perhaps a new CFO would hedge currencies better. The search for one is currently in progress.