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January 21, 2004
By: TOM BRANNA
Editor
Shares in cosmetics maker Avon Products Inc. could be overvalued in light of slower unit sales and an ominous lawsuit filed on behalf of its door-to-door sales representatives, according to a story in the Jan. 19 edition of Barron’s. Avon, the world’s largest direct-marketer of beauty products, reported 3% unit sales growth in the third quarter of 2003, compared to close to 13% a year earlier.Furthermore, a lawsuit seeking class-action status indicates that those numbers could be man...
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