Bull of the Day:
Our Bull of the Day recommendation is for Avon Products (NYSE: AVP). CEO Andrea Jung has transformed Avon Products over the last seven years. The company has grown aggressively in the Beauty products category, especially overseas in developing markets. Management has instilled financial discipline in the company through the multi-year supply chain cost reduction program and the recently announced Product Line Simplification and Strategic Sourcing initiatives. The deceleration of sales growth in China in 2005 drove the stock to a historically low P/E (below 15). With the outlook stabilizing in China, the stock has become attractive and is rated a Buy.
Zacks Bull and Bear of the Day Highlights: Avon Products, Amazon.com, Amdocs and Del Monte
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