Tupperware Brands Is Overvalued – Seeking Alpha
Tupperware (TUP) may not produce the most exciting products on the market but its stock has performed extremely well. In stark contrast to the broad market, TUP is up more than 20% year to date, with much of that gain coming after posting strong fourth quarter ’07 results. Revenue jumped 19% and net income was up almost 38%. As a result, stock investors pushed TUP up in a big way–up more than 40% since the results were made public on January 29th. We offer congratulations to Tupperware shareholders but the stock is now overvalued and will not remain at such price levels for long.
No comments yet.