Yacktman Funds Comments on Avon

Guru stock highlight

Feb 19, 2018

Avon (NYSE:AVP)’s ongoing business struggles led to a price decline in its debt in the fourth quarter. We continue to think Avon has significant brand value and believe a new CEO can significantly improve the business results and restore investor confidence.

From Yacktman Fund (Trades, Portfolio)s' fourth quarter 2017 shareholder letter.

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