Beauty-product manufacturer and seller Avon Products (NYSE: AVP) used to have a reputation as a steady grower and prodigious generator of cash. Unfortunately, smudges began to appear in late 2004, snowballing into a four-point turnaround announced in November 2005. How’s this faded beauty queen looking now?
Judging by third-quarter results released at the end of October, restructuring efforts have been a mixed bag at best. Overall sales trends may be returning to Avon’s heyday of rapid growth, but it will take more than a couple of quarters for investors to become convinced that the company is out of the woods.
Avon’s Makeover [Fool.com: Motley Fool Take] November 8, 2006
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