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Thursday, August 11, 2005

Beauty stocks at bargain prices: Avon (AVP)

Beauty stocks at bargain prices
MSN Money
By Michael Brush

8/10/2005
Problems have blemished the looks of cosmetics giants Avon and Estee Lauder. But their shares might prove attractive at reduced prices.

Sales at Avon Products (AVP, news, msgs) -- best known for its "ladies" going door-to-door -- were well below expectations last quarter in Europe, Russia and China. Its U.S. sales were down 6%.

The nastiest surprise for Avon shareholders last quarter came from China, where Avon sells beauty products through boutiques and department stores because the government -- until recently -- had a ban on door-to-door sales.

But their fears are misplaced, says Sophia Collier, a portfolio manager whose Citizens Value Fund (MYPVX) has been buying shares in the recent sell-off. "This is a little early to start saying China is not working."

One thing that will help: Avon remains the only company allowed to sell cosmetics door-to-door. That's just one reason Avon is about to see a return to rapid, yet sustainable, growth in China. The market could eventually be worth $1 billion in annual sales, the company says. Avon had $220 million worth of sales in China last year.

With this column, I'll add Avon to my Company Focus stock-pick portfolio for tracking, and we'll see how it does from here.
I'll add Avon's chart to this story:




Read further:
MSN Money: Beauty stocks at bargain prices

2 Comments:

Anonymous PENNY STOCKS said...

Beauty stocks are overvalued.

12/03/2012 02:23:00 PM  
Anonymous Stock investment said...

There are so many comments here that are really interesting and conducive to me thanks. for sharing a link especially for sharing this blog.

3/11/2013 02:11:00 AM  

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