Avon Products, Inc.

AVP pitch long Anna Baghdasaryan and Rohit Dhingra

Thesis

At $20 per share, Avon common stock represents an opportunity to buy an $11 billion dollar iconic global beauty products company near its historical trough value. The company has strong market shares in emerging markets and a new management team that can improve operations and margins, potentially leading to significant equity value creation in the next 2.5 years.

Did it work?

worked confidence: high

The stock price increased by 42.6% over 172 months, which indicates a positive return that aligns with the long thesis. Given that the thesis projected significant equity value creation over a 2.5-year horizon, the long-term performance suggests that the company's operational improvements and market position have contributed to this value increase, confirming the thesis.

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