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.
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