I am neither short nor long in AVP. Looked back at the history and the current metrics. Debt to EBITDA is way too high, company has struggled on the margins. Competition continues to heat up from other companies. Prior management couldn't solve the problems, can new management? - It is a wait and see. Revenue growth since 2007 is roughly 1.24%, revenue peaked in 2011. Trading at over 25x FCF. Even if the company can get back to better margins the stock is very expensive. Buffett was only willing to invest because of the ability to leverage two companies.