The latest conf call was all about how their results were severely hindered because of foreign exchange. About 70% of Avon's sales are outside of the US. Foreign currencies are rapidly devaluing against the US dollar so 70% of Avon's sales are worth anywhere from 10% to 30% less than they were a year ago. Just look at the Euro. Last year it was trading worth $1.25. Today it is only worth $1.07.
Latest price target is $7. Why offer now for a falling knife? Company was obviously nowhere close to being worth even $20 when Coty offerred $24. How real can $7 valuation actually be with sales falling by 10 % per year? Massive scale and relevance issues now exist since attempting to switch to the MLM model away from actual direct selling. Lost all credibility with representatives. That may well prove FATAL.