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Web Extra: Burned by Avon

A long position in Avon looked like a hot trade but all it did was burn Tim Seymour. What does he think about the stock now?

The Ambassador made the fateful call on December 21st as a bet that Avon was well positioned in other markets.

“Avon is a name that loves Latin America,” he said at the time. “I think this is a great stock. Latin America is a fantastic growth market

Avon shares are down sharply since Seymour suggested a long position in part because Q4 earnings declined 15% with the company citing weakness in Brazil as well as Russia.

So what does Seymour have to say about this stock now? He sure does squirm when host Melissa Lee calls him on the carpet over this bad call.

You won't want to miss this web extra. This content is only available online.




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Trader disclosure: On March 1, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL); Seymour owns (BAC); Seymour owns (F); Seymour owns (GE); Seymour's firm owns (TTM); Seymour's firm is short (FCX); Seymour's firm is short (POT); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Adami's wife works for (MRK); Terranova owns (VRTS); Terranova owns (C); Terranova owns (UPL); Terranova owns (ABT); Terranova owns (MS); Terranova owns (PBR); Terranova owns (BAX); Terranova owns (TEVA); Terranova owns (CVI); Terranova owns (RSX); Terranova owns (SU); Terranova owns (CNQ); Pete Najarian owns (AKS) call spreads; Pete Najarian owns (CNI); Pete Najarian owns (DAL) calls; Pete Najarian owns (DOW) calls; Pete Najarian owns (SA); Pete Najarian owns (GG) call spreads; Pete Najarian owns (TEVA); Pete Najarian owns (PFE); Pete Najarian owns (TCK); Pete Najarian owns (C); Pete Najarian owns (BAC) calls; Pete Najarian owns (F) calls; Pete Najarian owns (GE); Pete Najarian owns (JPM) call spreads; Pete Najarian owns (MS); Pete Najarian owns (MU) calls; Weiss owns (BTU); Weiss owns (AAPL); Weiss owns (FAS); Weiss owns (MEE); Weiss owns (JPM); Weiss owns (HBAN); Weiss owns (VZ); Weiss owns (QCOM); Weiss owns (AGU); Weiss is short (X); Weiss owns S&P puts

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