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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (48181)8/1/2012 3:19:14 PM
From: Spekulatius  Read Replies (1) of 78748
 
Sold my AVP today at a loss. Ouch. I expected the earnings to be bad, but losses on reps (the lifeblood of the company) are staggering. the new CEO got a lot of work to do and for me, it is not clear, if the company isn't beyond repair. Dividend cut is next, and they should have taken the Coty offer and I should have sold out when it was announced , rather than waiting for the stock to close on 25$/share (the offer price). Could have, should have....Not a large position, luckily.
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