1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Grass Hopper
Grass Hopper
Articles (550)  | Author's Website |

Yacktman Funds Comments on Avon Products

March 12, 2014 | About:

Avon Products Inc. shares declined due to poor quarterly results and increased market concerns about fines related to the Foreign Corrupt Practices Act (FCPA) investigation. Turnarounds generally take time, and we continue to have confidence that the new management team is taking the correct steps to improve the business. We believe the concerns about the potential magnitude of FCPA fines are overstated given the practices that Avon Products Inc. is being investigated for as well as previous FCPA fines levied on other firms. The shares remain inexpensive based on our assessment of normalized earnings and the potential value to a strategic buyer.

From Yacktman Funds' 2013 Annual Report - Portfolio Manager's Comments

About the author:


Rating: 0.0/5 (0 votes)

Comments

softdude2000
Softdude2000 - 1 year ago    Report SPAM

Link is not working.

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


rael2222p ottimo
rael2222da finire assieme ad ottimo
rael2222BBB ottimo
rael2222Storici
rael2222AZAZAZAZ
rael2222AZAZAZ
xtianxing15897FastMover
rael2222azaz
rael2222az
ssukumarGB-PL-BASIC
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK