imo. The Board of directors are the incompetents. they make disastrous decision after disastrous decision. the USA is changing. the market place is moving to internet and the avg family is financially struggling so the company must adapt here.
these incompetents turned down 24 but now consider strategic alt at this time in the cycle and the dollar in major strength mode? LOL! What a joke these pompous resume padded group is.
keep dreaming. The company useless board will not sell at the bottom of the turn around cycle after turning down 24. They surely would look like the amateurs they are. The Mgt is finally starting the turnaround, BUT still lacking in US
sure shareholders will sell out at the bottom of the ebitda cycle dollar strength and weak op performance. when the dollar weakens and the turnaround in sales stabilizes this stock is easily a double. why would shareholders sell to some vulture fund for like 10 or 12?.
to many blood suckers and not enough revenue generating workers
The Board of directors really S&CK. A bunch of resume padded clowns who have made mistake after mistake. get rid of them and eliminate the dividend to take care of the maturing debt.
Also ceo needs to move quicker on internet capabilities and getting reps to embrace it in us.
tup made 220 mil in fcf avp only a little over 100 mil. 800 mil net debt vs 1.9 billion net debt avp. avp needs to reduce debt load with that measely fcf for now with all the problems. Nothing has been done at AVP yet except cost cutting. Nothing fixed with sales stabilization or representative stabilization. Maybe MGT should be getting a paycut and then give it to reps for motivation. The Board of directors at AVP suck big time. All resume padded with a horrendous record at AVP.
First of all the cash is 900 mil and the debt is 2.8 billion.
Second the company projects about 100 mil in fcf for 2015. The dividend is like 120 mil. So FCF all gone -paying the dividend.
Third cashflows are dropping so it is time to play it real safe
Fourth a 250 mil debt payment is due March 2016 so that 100 mil this year and maybe next would cover the debt maturity. The company has to much debt at net 1.9 billion. To much when sales are falling and cashflow. That dividend should be halted. Just more #$%$ decisions by this #$%$ board of directors.
Fifth Yes they need to stabilize sales. All the easy stuff is being done like COST CUTTING. They have done none of the hard stuff yet.
does anyone here have a clue or just more of the terrible decisions by the board of directors who turned down a 24 offer not to long ago.